Asked by Shehroze Tariq on Jul 04, 2024
Verified
A government program that reduces land under cultivation can help farmers by raising prices but hurts consumers.
Government Program
refers to an official initiative or project established and funded by a government to achieve specific goals or provide certain services to its citizens.
Land Under Cultivation
Land that is actively used for the production of crops and agricultural goods.
- Evaluate the effects of farm policies on the market's pricing and quantities.
Verified Answer
MC
Marcella ConsiglioJul 09, 2024
Final Answer :
True
Explanation :
By reducing the supply of agricultural products, prices can increase, benefiting farmers with higher income, but this can lead to higher prices for consumers, potentially hurting their purchasing power.
Learning Objectives
- Evaluate the effects of farm policies on the market's pricing and quantities.
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