In a nutshell, what explains the chronic problem that farmers face in the United States?
A) Farmers cannot produce sufficient quantities of food to keep up with the growing demands of consumers.
B) There has been misuse of the price floor mechanism.
C) An increase in the number of farms created agricultural overpopulation.
D) Farmers have failed to adapt new technology in an ever-increasing technological world.
E) The outward shift in the supply curve of the farm goods they produce has been greater than the outward shift in the consumers' demand curve for those goods.
Correct Answer:
Verified
Q89: If the government establishes a price floor,
Q90: Which of the following is not a
Q91: Advances in productivity per acre can harm
Q92: The "story of agriculture" in the United
Q93: The output per acre on U.S. farms
Q95: The farm problem in the United States
Q96: Government intervention in agricultural markets was
A) ruled
Q97: Parity pricing refers to
A) a price floor
Q98: Government intervention in the farm economy that
Q99: The purchasing power of farmers is determined
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