Relating to the Economics in Practice on Page 252: Which

question 29

Multiple Choice

Relating to the Economics in Practice on page 252: Which of the following would be an expected result of increased government subsidies for ethanol, a fuel produced from corn?

• A) an increase in the price of gasoline made in part from ethanol
• B) an increase in the price of land used to farm corn
• C) decreases in the price of land used to farm grains other than corn
• D) a decrease in the production of corn relative to other grains

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Definitions:

Behavioural Science

An interdisciplinary field studying human actions and the internal and external factors influencing them, including psychology, sociology, and anthropology.

Organizational Change

Organizational change involves the process of modifying an organization's structure, strategies, operational methods, technologies, or organizational culture to effectuate change and achieve desired outcomes.

Systematic Collection

A methodical process of gathering data, resources, or items that is organized and structured to achieve specific objectives.

Impending Organizational Change

Upcoming or anticipated alterations in the structure, policies, or operations of an organization, which may impact its employees and processes.