Assignment:
Read the following directions and post an answer of at least two paragraphs (a minimum of 500 words total for the post). Be sure to use standard English in your answers, with appropriate punctuation (refer to the grading rubric). I am looking for evidence that you have read the response as well as what your opinion is on the topic. After you compose your response you will upload your posting using this tool. Once the deadline for the discussion topic is closed you will no longer have access to this tool.
Assignment
It is evident our economy is facing a variety of challenges with rising energy prices, droughts and now food shortages. Please read the following article from the National Geographic Preview the document and this article from the New York Times. Preview the document.
Based upon your understanding of opportunity costs and Production Possibility Curves I would like you to post your analysis on the need to provide bio fuels to meet our energy needs and the costs associated with putting food in our fuel tanks. In addition, does the United States have a responsibility to ensure that citizens around the world have these services?
Also, in a separate paragraph please describe 3 areas in your life that you are dealing with Opportunity Costs.
Readings:
1. The Global Food Crisis
By Joel K. Bourne Jr
2. Rise in Ethanol Raises Concerns About Corn as a Food
By Alexei Barrionuevo