Corn and Soybeans Are Alternatives That Could Be Grown by Most

question 48

Multiple Choice

Corn and soybeans are alternatives that could be grown by most farmers. If government subsidies for ethanol lead to higher corn prices, this will

• A) increase the supply of corn.
• B) increase the supply of soybeans.
• C) decrease the supply of soybeans.
• D) decrease the supply of corn.
• E) have no effect on the supplies of corn and soybeans.

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Definitions:

Basic Necessities

Essential items and services required for individuals to maintain an adequate standard of living, such as food, shelter, and healthcare.

John Rawls

An American political philosopher known for his theory of justice as fairness, which includes principles of liberty and equality that govern the basic structure of society.

Distributional Justice

The ethical concept concerning the fair allocation of resources among diverse members of a community.

Utilitarian Justice

principle focusing on creating the greatest good for the greatest number, often used in ethical decision-making and policy evaluation.