The intent of parity pricing is to
a. protect small farms from predatory larger farms
b. maintain farmers' purchasing power
c. provide incentives for farmers to produce
d. generate surplus food to feed the needy
e. enhance the effects of technology in agriculture
B
You might also like to view...
What is a natural oligopoly? How does it arise? Give an example
What will be an ideal response?
Suppose the price of gasoline rises and consumers cut back on their use of gasoline relative to other consumer goods. This situation would contribute to which bias in the consumer price index?
a. Substitution bias. b. Transportation bias. c. Quality bias. d. Indexing bias.
The opportunity cost of government purchases is greater when financed by borrowing than when financed by taxes.
Answer the following statement true (T) or false (F)
One of the fundamental problems in economics is how to deal with ________.
a. limited resources but practically unlimited economic desires b. limited resources and limited desires c. unlimited resources and limited desires d. unlimited resources and unlimited desires