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AGEC 429 EXAM 2 QUESTIONS AND ANSWERS (100% RECOMMENDED)

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AGEC 429 EXAM 2 QUESTIONS AND ANSWERS (100% RECOMMENDED)

Institution
AGEC 429
Course
AGEC 429

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If a target price and an effective nonrecourse loan program are in effect for corn
which of the following HAS to be true?
-There will be an effective price floor in place
-There will be CCC purchases
-There will be a deficiency payment paid to producers
-All of the above MAYBE **
- None of the above


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, There will be an effective price floor in place




Which of the WTO boxes describes domestic support that distorts market prices and
trade?
-Green box
-Blue box
-Amber box
-Red box
-Jack in the box


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Amber box




Which of the following describes U.S. Ag Policy? **
-Once a new program is adopted it tends to get changed right a way to
accommodate market conditions
-Ag policy tends to be evolutionary rather than revolutionary
-The US agriculture is protected by relatively high tariffs
-All of the above
-None of the above


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Ag policy tends to be evolutionary rather than revolutionary




Why have farmers have resisted government program changes?
-Farm program payments contribute to high economic returns
-Program changes affect land values through decoupling

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AGEC 429
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