As a Result of Legislation to Establish a Floor Price

question 138

Multiple Choice

As a result of legislation to establish a floor price for milk, most dairy farmers will

• A)end up earning a normal rate of return in the long run
• B)end up earning a zero rate of return in the long run
• C)end up earning a negative rate of return in the long run
• D)benefit from the increased cost of specialized resources used in dairy farming
• E)suffer if they own specialized resources at the time the legislation is passed

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Definitions:

Self-control

the ability to regulate one’s thoughts, emotions, and behaviors, especially in challenging situations, in order to achieve long-term goals.

Willpower

The ability to resist short-term temptations in order to meet long-term goals.

Self-Esteem

A person's personal assessment of their own significance or importance.

Outcomes

The results or effects of an action, situation, or event, often used to evaluate the effectiveness or impact of an intervention.