Asked by Hayden Benedict on May 11, 2024
Verified
Government and private efforts to promote the production of "gasohol" using corn-based ethanol are an attempt to
A) increase the supply of certain farm products.
B) increase the demand for certain farm products.
C) decrease the demand for certain farm products.
D) decrease the supply of certain farm products.
Gasohol
A fuel mixture containing gasoline and ethanol, typically used in internal combustion engines.
Corn-Based Ethanol
Ethanol produced from corn, used as a biofuel additive for gasoline to reduce carbon emissions and reliance on fossil fuels.
- Gain insight into how agricultural policy affects economic aspects of production and consumption.
- Discuss the impact of agricultural policies on farm income and efficiency.
Verified Answer
DP
DACZE ProductionMay 14, 2024
Final Answer :
B
Explanation :
Promoting the production of "gasohol" using corn-based ethanol increases the demand for corn, as it becomes a necessary input for this alternative fuel. This leads to an increased demand for this particular farm product.
Learning Objectives
- Gain insight into how agricultural policy affects economic aspects of production and consumption.
- Discuss the impact of agricultural policies on farm income and efficiency.
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