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Question 1 25 pts Suppose that you're in charge of government relations for the National Corn Growers Association and that several members want you to
Question 1 25 pts Suppose that you're in charge of government relations for the National Corn Growers Association and that several members want you to increase lobbying efforts to get Congress to increase the subsidy given to ethanol fuels. Since these are made from corn, they believe the subsidies will raise the price of corn and so increase the profits earned by farmers. Why might you be skeptical of that claim? Edit View Insert Format Tools Table 12pt " Paragraph B I U A QV TV : p BE-9 1 0 words > Question 2 25 pts The graph below is the supply and demand for unskilled labor in a particular market. If the government sets a minimum wage of $15 per hour, calculate the dead weight loss. Market for Unskilled Labor 25 20 15 10 5 10 15 20 25 -Supply -demand Edit View Insert Format Tools Table 12pt " Paragraph " B I U A & TV : p 8:9 1 0 words > >
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