All of the following are effects of U.S. federal price supports on agricultural products, EXCEPT
A) the market cannot arrive at an equilibrium price through its normal market mechanism.
B) farmers grow a larger amount of surplus crops than consumers buy.
C) buyers pay more than they would if market conditions prevailed.
D) consumers' incomes are artificially raised by these agricultural price supports.
E) farmers' incomes are artificially raised by government subsidies.
D
You might also like to view...
The last minerals to crystallize are those with the
A. lower melting point. B. weakest bonds. C. higher melting point. D. strongest bonds.
In the tropics where chemical weathering is intense and leaching of most minerals is complete, a soil termed ____________________ forms
Fill in the blank(s) with correct word
Which of the following is not a basic tenet of plate tectonics?
A. When the leading edge of a moving slab of oceanic lithosphere collides with another slab, the older, colder, denser slab turns downward and is pulled by gravity back into the asthenosphere (subduction), while the less-dense, more buoyant slab overrides it. B. The slab pulled into the asthenosphere begins the process of reabsorption into the mantle. C. The new lithosphere slowly moves laterally away from the zones of oceanic crust formation on top of the underlying asthenosphere (seafloor spreading). D. The slab pulled into the asthenosphere begins the process of melting and moves into the liquid core. E. Melted asthenosphere flows upward as magma and cools to form new ocean floor lithosphere.
Most of the water falling as precipitation returns to the atmosphere by transpiration and evaporation.
Answer the following statement true (T) or false (F)