NSC Exam 2
Optimization - answer doing the best you can under constraints (/with what you have)
equilibrium - answer willingness to pay for food has to be at least as great as the direct
cost to provide it
efficient - answer no more social benefits can be achieved given the resources available
market failure - answer the most efficient market is not achieved
externality - answer cost or benefit of providing a product or service is imposed on
people not involved in the transaction
externality examples - answer negative: water pollution
positive: beautification by an urban garden
imperfect competition - answer-disproportionate competition (monopoly)
-not many buyers and sellers
asymmetric information - answerone side knows more
(can't make food decisions)
behavior constraints - answerinability to make rational decisions
(affect optimization, can be caused by hunger)
law of demand - answerwhen price is low demand is high
when price is high demand is low
price elasticity - answerbetween 0-1= inelastic
equal to 1= unit elastic
greater than 1= elastic
(Berkley)
policies - answer-institutional rules
-respond to external factors
-express public interest
(drivers of behavior/food system)
policy > legislation - answer1. committees introduce policy options
2. Chairman's mark
3. floor of house/ senate
4.reconcile differences between house, senate
, 5. vote! president signature?
chairman's mark - answerdraft bill, starting point
Farm Bill - answer-largest food policy in US
-Omnibus bill: multiple topics
Farm Bill Title 1 - answerCommodities
FB: Commodities - answer-grown in large quantities
-stored + traded easily
-gov. controls prices= fair price, supply management, pay farmers
Farm Bill Title 2 - answerConservation
FB: Conservation - answer-create most sustainable and efficient agriculture industry
-many acts...kinda contradictory
Farm Bill Title 3 - answerTrade
FB: Trade - answer-US= lowest tariffs and trade protections
-puts US farmers at disadvantage
Farm Bill Title 4 - answerNutrition
FB: Nutrition - answer-SNAP
-67% allocated to SNAP
-contradiction between subsidies and food assistance
food culture - answerfood traditions and customs transmitted through learning that guide
the beliefs and behaviors of the people exposed to them
foodways - answerindividual's or group's culturally based food prep and consumption
behaviors and traditions
cultural beliefs... - answer-may be unconscious
-may change
-shape understanding
-social values
-identity
"americanizing" / pressure to assimilate cause... - answerdecreased nutrition
folk traditions - answerinformal customs handed down from one generation to the next
Cultures with strong food/ health benefits - answer-Traditional Chinese Medicine
Optimization - answer doing the best you can under constraints (/with what you have)
equilibrium - answer willingness to pay for food has to be at least as great as the direct
cost to provide it
efficient - answer no more social benefits can be achieved given the resources available
market failure - answer the most efficient market is not achieved
externality - answer cost or benefit of providing a product or service is imposed on
people not involved in the transaction
externality examples - answer negative: water pollution
positive: beautification by an urban garden
imperfect competition - answer-disproportionate competition (monopoly)
-not many buyers and sellers
asymmetric information - answerone side knows more
(can't make food decisions)
behavior constraints - answerinability to make rational decisions
(affect optimization, can be caused by hunger)
law of demand - answerwhen price is low demand is high
when price is high demand is low
price elasticity - answerbetween 0-1= inelastic
equal to 1= unit elastic
greater than 1= elastic
(Berkley)
policies - answer-institutional rules
-respond to external factors
-express public interest
(drivers of behavior/food system)
policy > legislation - answer1. committees introduce policy options
2. Chairman's mark
3. floor of house/ senate
4.reconcile differences between house, senate
, 5. vote! president signature?
chairman's mark - answerdraft bill, starting point
Farm Bill - answer-largest food policy in US
-Omnibus bill: multiple topics
Farm Bill Title 1 - answerCommodities
FB: Commodities - answer-grown in large quantities
-stored + traded easily
-gov. controls prices= fair price, supply management, pay farmers
Farm Bill Title 2 - answerConservation
FB: Conservation - answer-create most sustainable and efficient agriculture industry
-many acts...kinda contradictory
Farm Bill Title 3 - answerTrade
FB: Trade - answer-US= lowest tariffs and trade protections
-puts US farmers at disadvantage
Farm Bill Title 4 - answerNutrition
FB: Nutrition - answer-SNAP
-67% allocated to SNAP
-contradiction between subsidies and food assistance
food culture - answerfood traditions and customs transmitted through learning that guide
the beliefs and behaviors of the people exposed to them
foodways - answerindividual's or group's culturally based food prep and consumption
behaviors and traditions
cultural beliefs... - answer-may be unconscious
-may change
-shape understanding
-social values
-identity
"americanizing" / pressure to assimilate cause... - answerdecreased nutrition
folk traditions - answerinformal customs handed down from one generation to the next
Cultures with strong food/ health benefits - answer-Traditional Chinese Medicine
