Homework Clinic

Social Science Clinic => Economics => Topic started by: segrsyd on Apr 19, 2019

Title: If after a change in an allocation it can be demonstrated that the value of the gains exceeds the ...
Post by: segrsyd on Apr 19, 2019

Question 1

Relating to the 
Economics in Practice on page 252: Ethanol subsidies have increased the supply of corn, and ethanol is a fuel produced from corn. As a result, ________ farm land has increased. Further, supply of ________ has decreased.

◦ demand for; corn
◦ supply of; other grains
◦ demand for; other grains
◦ supply of; corn

Question 2

If after a change in an allocation it can be demonstrated that the value of the gains exceeds the value of the losses, then the change is said to be potentially efficient.

◦ true
◦ false

Title: If after a change in an allocation it can be demonstrated that the value of the gains exceeds the ...
Post by: parker125 on Apr 19, 2019

Answer 1

demand for; other grains

Answer 2

true

Title: Re: If after a change in an allocation it can be demonstrated that the value of the gains exceeds th
Post by: Daniel Adesina on Jul 12, 2022

thank you