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This mini DBQ investigates corn subsidies (government price supports) and the intended and unintended consequences of making corn "king". You will examine a variety of documents that provide reasons to support corn subsidies as well as documents that argue against them in order to answer the question "Should the US government subsidize farmers to grow more corn?"
Make a claim of whether the US should or should not subsidize farmers to grow more corn.
Cite at least one piece of evidence from the documents provided.
Explain how your reasoning of how this evidence connects to the claim.
Cite a second piece of evidence from the provided documents.
Explain the reasoning for this piece of evidence and how it connects to the claim.
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
a. What is Lindsay's budget constraint for consumption good (Y) and leisure (L)?
What does "economic justice" mean to you? Explain your level of computer proficiency including typing speed and accuracy.
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
In economics what are the conditions necessary to create perfect competition?
A comparison of two computer manufacturers found that by implementing improvements in its supply chain, one company was able to reduce its average supply of key components to only 3-6 days’ supply of inventory, as compared with their competitor, whic..
Two firms both have the same constant marginal cost of $20 ≥ 0 and zero fixed cost; market price P = 140 − 2(q1 + q2). Both firms choose outputs to compete. Find the subgame perfect equilibrium outcome of the Stackelberg Duopoly game with Firm 1 movi..
Hurricane Katrina resulted in a decline in oil production infrastructure along the gulf coast. As a result there was an unexpected decline in oil and natural gas supplies in 2005. Suppose that this caused an increase in the price level and a decline ..
"Any development program adopted by a country is considered sustainable only if the said program is economically, socially and environmentally sustainable." Do you agree with this statement? If yes, explain what you understand by social sustainabilit..
You are a policy advisor responsible for air pollution in a region where there are only two chemical plants run by firm A and firm B. Firm A’s pollution abatement costs are 2x^3 , where x is a unit of pollution. Firm B is newer and has pollution abat..
This week, we are going to talk about bubbles, specifically, are we in one now? This in't really about growth - its more about the business cycle, but I found it particularly interesting. While much of the podcast focuses on San Francisco, there are ..
What is the expected value of each strategy for the farmer? What is the expected value of perfect information on the weather?
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