Word: costs
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Dates: during 1970-1979
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That estimate may be much too low. Not only will the OPEC action add at least 2? to the already rising costs of gasoline, but as the price goes up, people will demand bigger paychecks from their employers. That will spread the increases through the whole economy, multiplying the impact. The latest OPEC boost will have a direct adverse effect on the nation's balance of payments. Last week the Commerce Department released some cheering figures showing that the trade deficit shrank in February to a 22-month low, in part because of a $700 million decline...
...cost could be reduced by the development of more efficient ways to produce alcohol. At present, the only proven technique is fermentation, basically the same, slow method that has been used for centuries to make liquor. Gasohol proponents have long been trying to get the government to finance the development of newer methods, and with Carter's help they may succeed...
...long conventional war in Europe, one which most experts believe would be extremely unlikely at the present state of affairs. Any conventional war in the future will most likely be relatively short. Thus the need for masses of troops is just not there. The proposed programs would cost over $50 billion; for much money the Volunteer Army could be made more attractive. Also the presence of thousands more troops could tempt politicians into engaging in adventurous interventions around the globe. Morally, the prospect of rights removed, liberties taken away, and slave-like labor is repellant...
...cost of keeping a library open longer might be added to students' term bills...
...Dining hall workers would not be affected during the experiment because all savings would come from the cost of food not purchased...