Multiple Choice
Under an acreage allotment program,
A) the government sets a limit on the quantity of a product that a farmer is allowed to bring to market,which is intended to cause farmers to cut back on the number of acres they cultivate.
B) farmers are paid to take part of their land out of cultivation.
C) farmers are given limits as to the number of acres that can be farmed.
D) farmers are paid the difference between the market price of their product and a governmentally determined price that would maintain an established price parity.
E) the government establishes a minimum price that farmers will be paid for their product,which causes the farmers to cut back on the number of acres planted.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: A decrease in the supply of an
Q119: Supply-restricting policies are intended to shift the<br>A)supply
Q120: Exhibit 39-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1429/.jpg" alt="Exhibit 39-4
Q121: As a result of an agricultural price
Q122: Exhibit 39-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1429/.jpg" alt="Exhibit 39-1
Q124: The acreage allotment program involves<br>A)no direct payments
Q125: The price elasticity of demand for many
Q126: A shift of the supply curve for
Q127: In 2000,farmers in the United States represented
Q128: A government agricultural policy in which a