The 1996 Farm Act did all of the following except
A. Eliminate many restrictions on acreage set-asides.
B. Increase government regulation of farming.
C. Refocus farm policy toward stabilizing farm incomes rather than prices.
D. Eliminate target prices and deficiency payments.
Answer: B
You might also like to view...
Structural unemployment will decrease when:
A. unemployment insurance benefits are increased. B. the minimum wage is decreased. C. the minimum wage is increased. D. union wages are increased.
The figure above shows the market for umbrellas in Sunville. What is the marginal social benefit that Sunville consumers receive from the 200th umbrella bought?
A) $23.33 B) $30.00 C) $26.67 D) $50.00
The burden of the payroll tax falls entirely on the employee regardless of how it is formally divided between employer and employee if the
a. demand for labor is inelastic. b. supply of labor curve is horizontal. c. supply of labor curve is virtually vertical. d. demand for labor curve is elastic.
Assume the United States and Australia have the same amount of resources. In a given time period, the United States can produce 2 tons of beef or 200,000 cars. Australia can produce 1 ton of beef or 100,000 cars. This means that
A. Australia has an absolute advantage in both beef and cars. B. The United States has a comparative advantage in beef. C. The United States has an absolute advantage in both beef and cars. D. Australia has a comparative advantage in cars.