Asked by Jalyn Lankford on May 26, 2024
Verified
The federal government has tried to eliminate agricultural surpluses by
A) decreasing supply and demand.
B) increasing supply and demand.
C) decreasing supply and increasing demand.
D) increasing supply and decreasing demand.
Agricultural Surpluses
The excess production of agricultural products beyond what is needed for consumption, often leading to lower prices.
Federal Government
The national government of a federal country, which holds the highest level of authority, often over states or provinces.
Supply And Demand
Fundamental economic principle that describes how the availability of goods (supply) and the desire for them (demand) determine their price.
- Understand the economic impact of agriculture policy on production and consumption.
- Evaluate the role of government in addressing agricultural surpluses and shortages through policy measures.
Verified Answer
Learning Objectives
- Understand the economic impact of agriculture policy on production and consumption.
- Evaluate the role of government in addressing agricultural surpluses and shortages through policy measures.
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