Question

In: Economics

Please answer these 9 questions, from 1 through 9. True or False. 1. Agricultural and food...

Please answer these 9 questions, from 1 through 9. True or False.

1. Agricultural and food policy only involves a discussion of farm programs.

2. Understanding and farm policy often requires consideration of foreign policy

3. Instability is the traditional problem confronting agriculture

4. Shifs in food supply and demand are generally accompanied by proportionately larger price changes.

5. Farm prices are unstable because the supply and demand for food is generally quite elastic.

6. Producers and consunners of agricultural commodities are very responsive to prices in short run.

7. The Supply of farm products is generally more than the demand.

8.in spite of globalization, effective U.S. policy can be made without consideration of the consequences for other countries.

9. Industrialization of agriculture refers to integration throughout the food chain and brings into question the survival of the family farm.

Expert Solution

1. True . Agriculture and Food policy involves a discussion of farm programms. In farm programms there is taken various programms related to agricultural production, price etc. So its a part of farm programme.

2. False. To understand the US food policy does not require the cosideration of foreign policy. The US policy could be understand easily without understanding of foreign policy.

3.True. Instibility is the major problem the agriculture confronting history. There is no income stability of the farmers from its traditional period. Farmers are always in uncertain situation.

4. False. Shifts in food supply and demand not accompanied with larger changes in food prices. Because it is inelastic to deamd and supply.

5. False. Farm prices are unstable not because of supply and demand is elastictic rather supply and demand for farm product is highly inelastic.

6. True. Producers and consumers are generally responsive to prices in Short run.

7. True. In US generally supply of food comparatively larger and more than the domestic deman. But if we consider the overall demand of good globally the demand of food is always greater than its supply.

8. False. In the era of globalization the effective U.S policy can not be made without consideration and consequences of other country. We have to take care foreign for exporting various agricultural commodities.

9. True. Industialization of agriculture is the bringing the food chain within the agriculture system. In this condition the agricultural decision not taken by farmer rather than industrial corporate farming. Here its a question of survival of family farm.

Rahul Sunny answered 2 years ago

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