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Both Ethanol and Sugar Are Made from Sugar Cane and Ethanol

question 188

Multiple Choice

Both ethanol and sugar are made from sugar cane and ethanol can be used as a substitute for oil. As the price of oil increases, Brazilians shift sugar cane from sugar production to ethanol production, thereby:

Analyze the role and effects of majority voting and the paradox of voting in political decisions.
Understand the principal-agent problem in both private and public sectors.
Appreciate the nuances of deregulation and its implications for industry and public policy.
Explore the dimensions of internal efficiency in the market system versus the public sector.

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