Explain why the government might choose to grant a subsidy to producers of wheat. A subsidy is an amount of money paid by the government to a firm. There are many reasons why the government might choose to subsidize producers of wheat. In many countries‚ wheat is considered to be an essential good. The government would therefore hope for consumption of wheat to increase‚ which can be achieved through lower prices. If a subsidy is granted to producers of wheat‚ their costs of production will
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Agricultural Subsidies and Development 1. The removal agricultural tariffs and subsides‚ according to Oxfam‚ would benefit developed nations because their consumers would benefit from lower domestic agricultural prices and the elimination of the taxes they must pay in order to support the subsidies. The producers in the developed world would lose this government protection from competition as well as the financial incentives. I believe there would be a net benefit from changing our agricultural
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| Fossil Fuel: Natural Gas | Renewable resource: Wind Power | Describe this resource | Natural Gas in a Hydrocarbon gas that is naturally occurring. It consists of mostly methane and is used as fuel for some vehicles and heating the home. | Wind power is one of the cleanest sources of electricity. It usually involves a fan that spins‚ and the energy is transported to a generator. | Advantages of this resource (include at least two) | 1. Very abundant underground.2. Is cleaner than most other
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FUEL SUBSIDY REMOVAL IN NIGERIA A subsidy is an assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributed as subventions in an industry to prevent the decline of that industry (‘Subsidy’‚ 2012). Subsidies are used to cushion the price effect of products or commodities or services to the consumer; hence it is used to control price in an economy and ensure the consumer can afford such commodity. This paper seeks to examine the removal
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Critically evaluate the proposed State strategy of replacing public subsidies with Direct Cash Transfers? There are many schemes and programmes of the Government of India under which many benefits are provided to the people such as subsidies‚ scholarships to students‚ benefits for feeding and pregnant mothers‚ and micro credit to poor women. Till now the beneficiaries were not getting this amount directly in their bank accounts. Also‚ there were cases where the intermediary officers would ask
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autos an additional 100 years? Will we raze our forests for our energy needs? I certainly hope our country will never come to those conclusions. However‚ someone must make a conclusion hopefully toward an alternate fuel source. The fuel source I would propose is biomass fuel derived from hemp. Hemp is the world’s most versatile plant. It actually improves the soil in which it grows‚ without chemical fertilizers‚ while choking out weeds by virtue of its fast dense growth. According to the
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Government Subsidies for Solar Panels Substitutes can help reduce the price of economic costs of some necessary utilities. Solar energy is a substitute and also an opportunity cost for the energy we use now‚ called fossil fuels. There are many benefits to switching from fossil fuels to solar energy. Solar energy can help lower the cost of the energy we use now by burning fossil fuels‚ changing the supply and demand of the product. Also‚ it can help the pollution that is causing further health
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What is Alternative Fuels Alternative Fuels come from resources other than petroleum. Alternative fuel uses sources like corn‚ vegetable oils‚ animal fats‚ natural gas‚ propane and hydrogen. Various Alternative Fuels are produced domestically‚ thus reducing our dependence on imported oils and some are derived from renewable sources. Alternative fuel produces less pollution than normal gasoline or diesel (U.S. Department of Energy‚ n.d. ). Alternative fuel is produce for a variety of vehicles
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6 Ocober 2013 Fossil Fuels and Alternate Energy Sources In the early 1900s‚ fossil fuels were the primary source of energy‚ but in more recent times with reserves diminishing and global warming becoming a major issue‚ we are forced to develop alternate sources of energy. According to Melosi‚ Governments became aware of the effects of fossil fuels as early as the 1950s‚ and in an attempt to combat this‚ they passed laws to try and lower the amount of pollution it caused (The Automobile and
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Fossil Fuels: Rape of Nature {Student name here} {Class name here} {Professor Name here} {Due Date} Fossil Fuels‚ which include coal‚ oil‚ and natural gas‚ are a non-renewable energy source that were formed from the decomposition of plants and animals that were deposited in the Earth around 300 million years ago. These fossil fuels‚ after being removed from the Earth‚ are converted into energy and this energy is essential to modern society (Chughtai & Shannon‚ 1998). Over 85 percent
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