The agricultural price support program in the United States has resulted in
A) declining average farm income.
B) surpluses of price-supported farm commodities.
C) shortages of price-supported farm commodities.
D) a gradual migration of people from farms to cities.
Correct Answer:
Verified
Q152: In a purely competitive market, how would
Q153: A declining parity ratio implies that the
A)
Q154: If price supports are established and producers
Q155: Which of the following is a major
Q156: The price of a certain farm product
Q158: Which of the following is not a
Q159: The concept of parity in farm policy
Q160: Farm price support programs tend to
A) benefit
Q161: Acreage allotments, which limit the number of
Q162: A major criticism of agricultural subsidies is
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