How did the price-support strategy in agriculture treat the symptoms and not the causes of the farm problem?Multiple select question.Price and income supports allocate too few resources to the farming sector.Price and income supports slowed the reallocation of resources from farming to nonfarm occupations.The price-support strategy hastened the reallocation of resources necessary to resolve the long-run farm problem of too many farms.Price and income supports encouraged people to stay in farming rather than move to nonfarm occupatio
Question
How did the price-support strategy in agriculture treat the symptoms and not the causes of the farm problem?Multiple select question.Price and income supports allocate too few resources to the farming sector.Price and income supports slowed the reallocation of resources from farming to nonfarm occupations.The price-support strategy hastened the reallocation of resources necessary to resolve the long-run farm problem of too many farms.Price and income supports encouraged people to stay in farming rather than move to nonfarm occupatio
Solution
The price-support strategy in agriculture is often criticized for treating the symptoms and not the causes of the farm problem. Here's how:
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Price and income supports allocate too few resources to the farming sector: This is a symptom treatment because it does not address the underlying issue of resource allocation in the farming sector. Instead of providing a long-term solution, it merely provides temporary relief by artificially inflating prices and incomes.
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Price and income supports slowed the reallocation of resources from farming to nonfarm occupations: This is another symptom treatment. The underlying issue is the over-reliance on farming and the lack of diversification into nonfarm occupations. By slowing down the reallocation of resources,
Similar Questions
Why are price supports helpful for farmers?Multiple choice question.Price supports help keep market prices low so consumers can afford to buy more farm output.Price supports help keep the price received by farmers from being too low.Price supports prevent farmers from having surplus output.Price supports depress the prices that farmers pay for inputs.
The price-support strategy exacerbated which of the following problems?Multiple choice question.The hazardous conditions faced by agricultural workersThe presence of too many farmers in the marketThe inability of consumers to afford agricultural productsThe low prices farmers received for their output
The causes for price and income instability in the agricultural industry includeMultiple select question.stable farm output.decreases in demand.increases in demand.an inelastic demand for agricultural products.fluctuations in farm output.an elastic demand for agricultural products.
Government intervention in agriculture usually involvesGroup of answer choicesPrice supports in order to keep farm incomes highPrice supports in order to keep agricultural imports lowPrice ceilings in order to subsidize U.S. exportsPrice ceilings in order to keep food prices
What was one consequence of market-oriented farming?Some community traditions among farmers diminished.Farmers became less entrepreneurial.The output of food decreased.Farmers did not have enough food to feed their families.
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