Under the Food, Conservation, and Energy Act of 2008, if the target price for a bushel of corn is $2.63 and the price of corn falls to $2.25, then a farmer will receive:
A. A marketing loan
B. A transition payment
C. An acreage allotment
D. A countercyclical payment
D. A countercyclical payment
Economics
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Private saving refers to ________
A) after-tax income minus consumption expenditures B) a flow variable which adds to the stock of wealth C) the private saving rate times disposable income D) all of the above E) none of the above
Economics
In the short run,
a. Some production costs are fixed b. All inputs are fixed c. All inputs are variable d. None of the above
Economics
Which of the following goods is likely to have the most elastic demand over the relevant range of prices?
a. insulin b. eggs c. milk d. Pepsi Cola e. gasoline
Economics
Opportunity costs arise from
A) choices. B) poverty. C) mistakes. D) income inequality.
Economics