Which of the Following Is a Criticism That Has Been

question 89

Multiple Choice

Which of the following is a criticism that has been raised of government spending in support of corn-based ethanol?

• A) limited reduction in dependence on foreign oil.
• B) detrimental effects on the environment.
• C) increased food prices and an increase in world hunger.
• D) All of the above.

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at different price levels.

Plant Capacities

The maximum amount of products or services that a facility can produce over a given period of time under normal operating conditions.

Total Fixed Costs

The total of all expenses that stay the same, no matter the amount of goods or services produced by a company.

Inputs Variability

Inputs Variability refers to the fluctuations or variations in the factors of production used by firms in the production process, which can affect output levels and costs.