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What does the federal government call the price supports provided to American farmers?
An agricultural subsidy
What did farmers believe raised the price of crops?
Because of how healthy the crops were compared to other unhealthy alternatives
How was agriculture a problem in the economy?
In the early 1900's many farmers were overproducing which meant they were flooding the economy with their goods. Farmers were then slowly decreasing the price of their goods so that the government had to intervene with groups such as The Agricultural Adjustment Act, which paid farmers not to farm. Agriculture was, back then, a major part of the economy.
Who did mcnary hagen bill help?
The McNary-Haugen Bill aimed to assist American farmers by establishing a system of price supports for agricultural products. It sought to stabilize farm prices and prevent the economic distress that many farmers faced during the 1920s and 1930s. The bill proposed the government buy surplus crops and sell them at a loss to help maintain higher prices for farmers. Although it was introduced multiple times, it ultimately failed to pass in Congress.
Pretest - Civics and Economics 7. Excellent weather helps wheat farmers yield a record surplus crop. How will the surplus most likely impact the price of wheat?
This is a test question you need to answer. We don't do your homework.
What happens to quantity when price is lowered?
lowered
What happens to quantity supplied when price is lowered?
The price could go up or down (ambiguous) but the quantity definitely would decrease
The price of a 69.45tire is lowered 5.75 for a sale after the sale what is the new price?
After the sale the price returns to 69.45
If demand is elastic and price is lowered total revenue will?
increase
What effect did the assembly line have on the cost of goods?
It lowered the price of goods.
What did the tea do?
it lowered the price of tea It allowed the shipment of tea directly to the colonies.
What is the percent that a price is lowered called?
The percent that a price is lowered is called a "discount." It represents the reduction from the original price, often expressed as a percentage. For example, if an item originally priced at $100 is reduced by 20%, the discount is 20%. Discounts are commonly used in sales and promotions to attract customers.
How do price incentives affect people's behavior when shopping or buying goods?
the prices lowered
Who lowered the price of the New York Times from 3 cents to 1 cent?
Adolph s ochs
What are the causes of over production?
higher supply than demand, causing the price of the item or items to be lowered.
What was one outcome of price supports for farmers?
Surplus crops
Why has the xbox 360 prices lowered?
The prices have been lowered because Microsoft wants to sell more of them. Usually, the lower the price, the more consoles are sold because they become more affordable.
