Farm subsidies

A) enable industrial nations to export much of their agricultural output at artificially low prices.
B) in the world's richest nations amount to over $300 billion.
C) make it more difficult for less developed nations to purchase capital equipment from U.S.manufacturers such as Caterpillar.
D) All of the choices are true.

Farm Subsidies

Financial support and assistance given by the government to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

Agricultural Output

The total quantity of agricultural products, such as crops and livestock, produced within a given period.

Capital Equipment

Long-term assets, such as machinery, buildings, or vehicles, that a business uses in the production of goods or services.