What is "supply management"?
A) A system that ensures there are no shortages in consumer products and service
B) A system that ensures companies producing products like automobiles do not artificially restrict supply in order to drive up the price of their products
C) A system that establishes domestic production quotas for commodities like dairy products, maple syrup, eggs, chickens, and turkeys
D) A system that is designed to create perfect competition in certain industries

Question

Quizplus · Accepted Answer

Supply management is a system that establishes domestic production quotas for commodities like dairy products, maple syrup, eggs, chickens, and turkeys. The aim is to balance supply and demand, stabilize prices, and ensure a consistent income for farmers. This system is currently in place in Canada and is often a contentious issue in trade negotiations.

What Is "Supply Management