Solved

In a Nutshell, What Explains the Chronic Problem That Farmers

Question 66

Multiple Choice

In a nutshell, what explains the chronic problem that farmers face in the United States?


A) Farmers cannot produce sufficient quantities of food to keep up with the growing demands of consumers.
B) There has been misuse of the price floor mechanism.
C) An increase in the number of farms created agricultural overpopulation.
D) Farmers have failed to adapt new technology in an ever-increasing technological world.
E) The outward shift in the supply curve of the farm goods they produce has been greater than the outward shift in the consumers' demand curve for those goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions