Increase the production of alternative fuels from corn


Problem: Recently there has been a drive to increase the production of alternative fuels from corn. The argument used by many is energy self-sufficiency. In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize this production and shift to alternative fuels. Is this a good or bad idea from and economic view? If you say "Yes" or "No", why, explain your answer using sound economic theory.

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Managerial Economics: Increase the production of alternative fuels from corn
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