Which of the Following Has Been an Effect of the U.S

question 209

Multiple Choice

Which of the following has been an effect of the U.S. government's ethanol program?

• A)Prices for crops such as soybeans and sorghum have fallen dramatically.
• B)Prices for beef, pork, and chicken have risen.
• C)Water use has declined, as corn is a less water-intensive crop.
• D)All of these effects have resulted from the ethanol program.

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Definitions:

Long-Lived Assets

Assets with a useful life extending beyond one year, used in the operation of a business, such as equipment or buildings.

Allocated To Expense

A method of assigning or distributing costs among various accounts or periods as expenses.

Net Income

The net earnings of a business following the subtraction of all costs and taxes from the gross income.