Supply restrictions in the farming industry occur in the form of
A)Import quotas.
B)Government stockpiles.
C)Price supports.

Question

Quizplus · Accepted Answer

Import quotas limit the amount of a certain agricultural product that can be imported into a country. This restriction protects domestic farmers by ensuring that foreign competitors do not flood the market with cheaper products. Government stockpiles and price supports are mechanisms that aim to stabilize prices and incomes for farmers, but they do not necessarily address supply restrictions.

Supply Restrictions in the Farming Industry Occur in the Form