As a result of their high farm support price level,the EU has experienced:
A)high agricultural surpluses,high storage costs,and subsidized exports
B)low agricultural surpluses,and low storage costs
C)non-subsidized exports among the agricultural industry
D)economies of scale in agricultural

Question

Quizplus · Accepted Answer

A high support price for agriculture in the EU led to overproduction and high surpluses of agricultural products. This resulted in high storage costs and subsidized exports to other countries. The EU uses export subsidies to clear the excess production from their markets, leading to a trade-distorting effect on global agriculture.

As a Result of Their High Farm Support Price Level,the