The fundamental cause of agricultural price and income instability in the United States has been a(n)
A) lack of foreign demand for U.S. agricultural products.
B) lack of efficiency in the farm sector of the American economy.
C) underallocation of resources to the farm sector of the economy relative to that of the nonfarm sector.
D) overallocation of resources to the farm sector of the economy relative to that of the nonfarm sector.
Correct Answer:
Verified
Q220: Q221: The ambitious plan to wean American agriculture Q222: A major criticism of agricultural subsidies is Q223: Since 2002, agricultural policy in the United Q224: The major factor contributing to lower prices Q226: A major feature of the "Freedom to Q227: Which group of farmers benefits the least Q228: Farm programs such as those maintained by Q229: To get the U.S. Senate to pass Q230: The Food, Conservation, and Energy Act of![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents