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Unformatted text preview: price way down. However, there are many subsidies that the government gives for growing corn, which turns their loss into a gain. While this seems nice it creates a problem because it rewards overproduction of corn. Overproduction of corn may not seem harmful but in the case of the majority of the corn produced in the U.S. today it is because the corn that is being mass-produced is unhealthy. For example, a hamburger made with the corn that is overproduced has 8 more grams of saturated fat than does the natural corn. This anecdote is a symbol of what would happen to the U.S. if the IMF were to give it a loan. There would be over production of certain products that would be sold at lower than equilibrium price. This will not help the economy get out of a recession because people are buying things for less than the ideal value....
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This essay was uploaded on 02/20/2009 for the course DSOC 1101 taught by Professor Hirshel during the Fall '07 term at Cornell.
- Fall '07