Asked by LaQuasha Coles on Jun 29, 2024
Verified
A government program that pays farmers not to plant corn on part of their land can help farmers not only through the subsidy payments to farmers who participate in the program but also by raising the market price of corn.
Government Program
An initiative undertaken by a government to address public needs in areas such as health, education, and welfare.
Market Price
Is the current price at which an asset or service can be bought or sold in a marketplace.
- Assess the influence of agricultural strategies on price levels and volume in the market.
Verified Answer
AN
Aaryaka NidhiJun 30, 2024
Final Answer :
True
Explanation :
By reducing the supply of corn through such a program, the market price of corn can increase due to the lower availability, benefiting farmers through higher prices for the corn they do sell.
Learning Objectives
- Assess the influence of agricultural strategies on price levels and volume in the market.
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