Chapter 4. High Times Down on the Farm

EIA High Times Down on the Farm

1. Question

   Use Link 1 to answer the following question. True or False: In 2011, the average price per bushel of corn was $2.50.

   A.

   False.

   B.

   True.

2. Question

   Use Link 2 to answer the following question. U.S. ending stocks for corn in October 2014 were:

   A.

   2,144 million bushels

   B.

   2,081 million bushels

   C.

   654 million bushels

   D.

   450 million bushels

3. Question

   Use Link 3 to answer the following question. In 2013, the average price per acre of farmland in Iowa was:

   A.

   $7,180

   B.

   $8,716

   C.

   $8,526

   D.

   $8,000

4. Question

   Use Link 4 to answer the following question. True or False: In 2013, ethanol accounted for about 25% of the total volume of finished motor gasoline consumed in the United States.

   A.

   True.

   B.

   False.

5. Question

   Use Link 5 to answer the following question. True or False: Pure ethanol (a fuel made up of 85-100% ethanol) can be used in specially designed engines.

   A.

   True.

   B.

   False.

6. Question

   Discuss the economic costs versus benefits of using ethanol instead of gasoline in the United States.

   Your response will be graded by your instructor.

   Discuss the economic costs versus benefits of using ethanol instead of gasoline in the United States.

• Point per question: 1pts for short answer 1pts for multiple choice
• number of attempts on quiz as a whole: 1 or unlimited?
• set which score reports to Gradebook: first, most recent, highest, or average
• Randomize answers (for multiple choice questions only)? Yes or no