Question

The Farm Act provides the following forms of commodity subsidies EXCEPT:
Select one:
a. Direct Payments
b. Indirect Payments
c. Countercyclical Payments
d. Marketing Loans
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Answer 1

@destiny2334

Answer 2

yo im only in 10th grade

Answer 3

@Zebrasandsparkles914 @Catseyeglint911

Answer 4

@JayBaybie @ganeshie8

Answer 5

I'm not sure but I would say counter-cyclical payments as the act ended these: http://nationalaglawcenter.org/wp-content/uploads/assets/crs/RS20913.pdf Answer is in the section labeled background if you'd like to check.

Answer 6

If a relatively small change in farming output occurs, what might happen?
Select one:
a. Small changes in output cause no change in farm prices and incomes
b. Small changes in output can lead to large changes in farm prices and incomes
c. Small changes in output cause overproduction
d. Small changes in output cause underproduction

Answer 7

I would say B. Agriculture is relatively constant with prices when examining individual firms, farms usually being "price takers." Increase in production often leads to encouragement for additional firms to enter. This increases the overall supply of the product, leading to a decrease in equilibrium price, provided that the demand for the product is inelastic enough, as is consistent with an agriculture market. Thus, an increase in production changes the price by a large degree.

Answer 8

Farming directly employs about two percent of the U.S. population.
Select one:
True
False

Answer 9

As of 2008, this statement is true although I'm not entirely sure about recent developments.

Answer 10

Why are there contradictions within the U.S. Farming policies?
Select one:
a. Because price supports get in the way of farm production
b. Because there are no import quotas
c. Because tobacco farmers are subsidized while medical costs rise
d. Because farming is only a small percentage of American employment

Answer 11

I've got nothing on this one. Maybe if you open is up in a new question you'll get someone who can answer it. Sorry about that.