Asked by Carley Hirsch on Apr 29, 2024
Verified
Which of the following would,other things equal,increase the demand for U.S.farm products?
A) Poorer crops abroad.
B) Appreciation of the U.S.dollar.
C) Deteriorating trade relations with China and Russia.
D) Increases in foreign tariffs on imported farm products.
U.S. Farm Products
Agricultural goods produced in the United States, which include a wide range of food and raw materials.
Foreign Tariffs
Taxes imposed by a government on goods and services imported from other countries, often used to protect domestic industries.
- Understand the role of international factors, such as trade relations and the value of the dollar, on U.S. agriculture.
Verified Answer
DC
Dejah CarlockMay 06, 2024
Final Answer :
A
Explanation :
Poorer crops abroad would increase the demand for U.S. farm products as other countries would need to import more to meet their domestic demand.
Learning Objectives
- Understand the role of international factors, such as trade relations and the value of the dollar, on U.S. agriculture.