AECN 345 Questions With 100% Correct Review Solution 2024
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Course
AECN 345
Institution
AECN 345
AECN 345 Questions With 100% Correct Review Solution 2024
Where does most of the Farms Bill budget go? - ANS-Nutrition Programs - 77%
What forces drive the development of ag policy? - ANS-- Instability
- Globalization
- Technology
- Food Safety
- Environment
- Ag Industrialization
- Politic...
AECN 345 Questions With 100% Correct Review Solution 2024
Where does most of the Farms Bill budget go? - ANS-✔✔Nutrition Programs - 77%
What forces drive the development of ag policy? - ANS-✔✔- Instability
- Globalization
- Technology
- Food Safety
- Environment
- Ag Industrialization
- Politics
- Unforeseen Events
What kind of supply and demand do we see for ag? - ANS-✔✔Highly Inelastic
T/F: Agricultural and food policy mainly involves a discussion of farm programs. - ANS-✔✔False
T/F: Agricultural markets are inherently stable because supply and demand are relatively elastic. - ANS-
✔✔False
T/F: Investments in research that improve technology and productivity generally lead to lower farm
prices. - ANS-✔✔True
What did the first era of agricultural policy in the United States focus on? - ANS-✔✔Land Distribution
T/F: Nutrition programs account for more than 3/4 of expected spending under the 2018 Farm Bill. -
ANS-✔✔True
, Based on budget projections by the Congressional Budget Office, not counting current fiscal year
spending on COVID-19, federal government programs and activities on the whole are expected to
____________________ of the national economy over the next 10 years. - ANS-✔✔become a larger
share
T/F: It would be difficult to imagine what Nebraska agriculture would look like today were it not for the
role and impact of agricultural policy developments over the past 200 years. - ANS-✔✔True
Trade has been a growing economic and policy driver in U.S. agriculture for many years. Which
component of agricultural exports has grown more since the early 1970s in terms of export value? -
ANS-✔✔High-Value Exports
What are the four major phases ag policy has gone through in the U.S.? - ANS-✔✔- land distribution
- education and research
- information and marketing assistance
- farm income support
What economic and sociological factors caused the government to get involved in agriculture? - ANS-✔
✔- economic instability
- supply and demand inelasticity in the farm sector
- the importance of the food supply
- focus on the environment
T/F: It is the job of a policy educator to analyze a policy issue, determine the best policy solution, and
push for the adoption of that solution. - ANS-✔✔False
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