Daily News Article - February 11, 2011
1. By how much has the price of corn increased in the past 6 months?
2. What types of groceries sold in supermarkets will be affected by the price of corn - why?
3. When will the price increases begin for various types of food? Be specific.
4. American consumers will be hurt by the increase in corn prices. Who benefits from the increase?
5. What is causing such a dramatic increase in corn prices?
6. Ask a parent if he/she supports the government mandate (order/requirement) requiring the use of ethanol in our gasoline.
CHALLENGE QUESTIONS: Read the points from a commentary on the use of corn for ethanol under "Background" below. Considering this information, answer the following questions:
Explain your answers.
NOTE: The Energy Policy Act of 2005 mandates that increasing amounts of ethanol (which is made from corn) be used in the United States to dilute gasoline. The law called for 4 billion gallons of ethanol to be used in 2006, 6.1 billion gallons in 2009, and 7.5 billion gallons by 2012.