Short question answers:
1.Who are the winners and losers from using corn to produce ethanol (gasoline) ?
2.Identify some of the unintended consequences of using corn to produce ethanol (gasoline).
Solution
1.Who are the winners and losers from using corn to produce ethanol (gasoline) ?
Landowners are the key winners from the current ethanol boom. Ethanol production has boosted corn prices, which should boost Corn Belt land values. The price of corn, and in fact many food products, is expected to increase with the greater use of corn ethanol. This tends to raise the income of farmers. Costs to farmers are also expected to rise, as the price of land rises and the cost of other inputs, such as fertilizer and fuel oil, rise. Consumers are likely to have to pay more for food products, so this transfers more of their wealth to those producing food.
2.Identify some of the unintended consequences of using corn to produce ethanol (gasoline).
2. Ethanol Use Creates a Spike in Global Food Prices
3. Adding Ethanol To Our Fuel Will Cause Cars To Break Down
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Short question answers- 1-Who are the winners and losers from using co.docx
1. Short question answers:
1.Who are the winners and losers from using corn to produce ethanol (gasoline) ?
2.Identify some of the unintended consequences of using corn to produce ethanol (gasoline).
Solution
1.Who are the winners and losers from using corn to produce ethanol (gasoline) ?
Landowners are the key winners from the current ethanol boom. Ethanol production has boosted
corn prices, which should boost Corn Belt land values. The price of corn, and in fact many food
products, is expected to increase with the greater use of corn ethanol. This tends to raise the
income of farmers. Costs to farmers are also expected to rise, as the price of land rises and the
cost of other inputs, such as fertilizer and fuel oil, rise. Consumers are likely to have to pay more
for food products, so this transfers more of their wealth to those producing food.
2.Identify some of the unintended consequences of using corn to produce ethanol (gasoline).
2. Ethanol Use Creates a Spike in Global Food Prices
3. Adding Ethanol To Our Fuel Will Cause Cars To Break Down
