A married couple living together own a small farm. They grow several crops, producing most of the food they consume and selling the excess for cash. With the increase in corn prices due to the rising demand for ethanol, they decide to stop producing vegetables and potatoes, and, instead, devote that land to growing more corn for sale. They use part of the additional cash they earn from greater corn production to buy vegetables and potatoes at the grocery. What effect does this have on GDP?

7. problems and applications q7 congress and the president decide that the united states should reduce air pollution by reducing its use of gasoline. they impose a $0.50 tax on each gallon of gasoline sold. suppose they decided to impose the tax on consumers. in the following graph, shows the effect of a $0.50 tax on each gallon of gasoline sold imposed on consumers by shifting the demand or supply curve. demand supply 0 1 2 3 4 5 6 3.0 2.5 2.0 1.5 1.0 0.5 0 price of gasoline (dollars per gallon) quantity of gasoline (thousands of gallons) demand s 1 s 2 true or false: the price producers receive will be higher if the tax were imposed on consumers. true false if the demand for gasoline were more elastic, this tax would be effective in reducing the quantity of gasoline consumed. true or false: consumers of gasoline are by this tax. true false workers in the oil industry are by this tax.

If you want to go directly to a specific web page using a url, where should you type the url in firefox? a. in an e-mail b. in a google account c. in the address bar d. in the username field select the best answer from the choices provided a b c d

According to your textbook, a good way to clarify statistical trends is to increase your speaking rate when giving statistics. consult the guinness book of world records. use exact numbers rather than rounding off. use visual aids when presenting statistics. make sure the statistics are from unbiased sources.