The 1996 Farm Act moved farming closer to the realities of the market system.
Answer the following statement true (T) or false (F)
True
The net effect of the 1996 legislation was to move farming another small step closer to market realities. A bit more acreage was freed from government regulation, target prices were set closer to market prices, and more market surpluses were sold rather than stored in government warehouses.
You might also like to view...
If foreign interest rates rise
A) the demand for domestic currency rises, causing it to appreciate. B) the demand for domestic currency falls, causing it to depreciate. C) the demand for domestic currency rises, causing it to depreciate. D) the demand for domestic currency falls, causing it to appreciate.
Price competition among firms has proved to be more important than the introduction of new products
a. True b. False Indicate whether the statement is true or false
Analysis of data on workers and those looking for work is conducted by economists at the
a. Office of Management and Budget. b. Department of Labor. c. Congressional Budget Office. d. Department of the Treasury.
Use the following table for a hypothetical single-product economy. year units of output price per unit price index (1=100) 1 10 10 100 2 12 20 200 3 15 30 300 4 20 40 400 Refer to the above data. Nominal GDP in year 3 is:
a) $100. b) $450. c) $225. d) $150.