The invention of parity price ratios was designed to protect farmers' purchasing power.Over the years, these parity price ratios have
A) been fixed at 100 percent
B) increased to approximately 125 percent of their initial value set in 1910-1914
C) been increasing at approximately 25 percent per year
D) been falling and are less than 50 percent of the 1910-1914 ratio
E) been volatile, increasing and decreasing sometimes dramatically, but still averaging approximately 100 percent of 1910-1914 levels, which was the long-run target
Correct Answer:
Verified
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
Q100: If the government establishes a price floor
Q102: A price floor has no effect in
Q103: The parity price ratio in the 1990s
Q104: If farm price supports gave farmers 80
Q105: If farm price supports gave farmers 60
Q106: Which of the following is the government
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