Supply restrictions in the farming industry occur in the form of
A)Import quotas.
B)Government stockpiles.
C)Price supports.
D)Production subsidies.

Question

Quizplus · Accepted Answer

Import quotas limit the amount of certain agricultural goods that can be imported into a country, which can help protect domestic producers from foreign competition. This can effectively restrict supply in the domestic market, as there are fewer goods available for consumers to purchase. Government stockpiles, price supports, and production subsidies can also affect supply in various ways, but they do not necessarily restrict supply like import quotas do.

Supply Restrictions in the Farming Industry Occur in the Form