Close window

Federal Reserve Bank of Boston Economic Quiz

Ethanol 1. Which of the following can serve as raw material inputs to ethanol production? I. Corn. II. Sugar beets. III. Sugarcane. IV. Potatoes. V. Switchgrass, barley and wheat. A) Only I B) Only I and III C) Only I, III, IV and V D) All of them can serve in that capacity 2. What share of the world’s 40 billion liters of ethanol production in 2006 was produced by the US and Brazil? A) 95% B) 73% C) 54% D) 88% 3. The Renewable Fuel Program of the Energy Policy Act of 2005 required that what percentage of gasoline (by volume) be composed of renewable fuel in 2006 if the EPA didn’t propose other regulations by August of that year? A) 1.15% B) 2.78% C) 3.41% D) 5.00% 4. In its discussion of the relationship between ethanol production and the price of food, how long does the World Bank say that a person could be fed by the amount of grain it would take to produce enough ethanol to fill the gas tank of an SUV? A) 4 months B) 1 month C) 1 year D) 1.5 years Created with QuizScript

Close window

Economic quiz written by: Adrienne Hathaway - March 2008. Any opinions stated in this quiz are solely those of the author and do not necessarily reflect the opinion of the Federal Reserve Bank of Boston