Multiple Choice
The U.S. Agriculture Act of 2014 did the following, except
A) ending the so-called countercyclical payments to farmers.
B) extending the direct payments to farmers, which were independent of their crop production.
C) creating an insurance program, called price loss coverage, which pays farmers if the price of their crop falls below a specified level.
D) introducing a countywide insurance program called agricultural risk coverage.
Correct Answer:

Verified
Correct Answer:
Verified
Q212: The increasing relative importance of agricultural exports
Q213: Farm groups spend considerable amounts of money
Q214: Historically, many aspects of U.S. farm policies
Q215: A major criticism of agricultural subsidies is
Q216: The inelastic demand for agricultural products means
Q218: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q219: The price parity concept, which is a
Q220: Increases in incomes usually result in more
Q221: Public choice theory would suggest that the
Q222: The misallocation of resources associated with price