1. Which one of these statements is true about corn-based ethanol? Select one: a
ID: 1120459 • Letter: 1
Question
1. Which one of these statements is true about corn-based ethanol?
Select one:
a. It is an inefficient source of fuel, though the U.S. government is subsidizing its use
b. It is a very efficient source of fuel, but the U.S. government is preventing its use
c. It is too combustible at the time being to use in conventional vehicles
d. It is an a good source of fuel, but it is extremely difficult to produce
2. Which of the following countries is the BEST example of a transition economy?
Select one:
a. France
b. Australia
c. Brazil
d. Afghanistan
3. Which of the following events would increase the supply of dollars in the Foreign Exchange Market?
Select one:
a. If the stock markets in London, Paris, and Tokyo crashed
b. If China began to import more goods from the United States
c. If Germany raised the interest rates on its government bonds
d. If Americans expected the Yen to depreciate
4. What is the MAIN reason why several major banks collapsed in 2008?
Select one:
a. Banks took many risky loans that defaulted as a result of the housing market slump
b. People stopped borrowing money from banks because interest rates were too high
c. The depreciation of the dollars causes a fall in the real wealth of banks
d. The government stopped supporting banks financially in 2008
Explanation / Answer
1. a. It is an inefficient source of fuel, though the U.S. government is subsidizing its use
Explanation: Ethanol is not that efficient as a fuel source; however, the USA government has been heavily subsidizing it to increase its production and reduce the country's dependence on fossil fuel.
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