Use the Following Figure to Answer the Following Questions

question 115

Multiple Choice

Use the following figure to answer the following questions.

-If the government imposes a price floor on wheat at $5 and agrees to purchase any surpluses,how much will the government be forced to spend?

• A) $15,000,000
• B) $3,000,000
• C) $10,000,000
• D) $25,000,000
• E) nothing because there would be no surplus

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Definitions:

Fieldbus

An open, all-digital, serial, two-way communications system that interconnects measurement and control equipment such as sensors, actuators, and controllers.

Serial Communication Protocols

Standards or systems for the organized transfer of data sequentially over a communication channel between computers and devices.

Closed-Loop

Closed-Loop refers to a system or process that uses feedback to control states or outputs, aiming for stable operation and error correction.

Open-Loop System

A control mechanism that operates without using feedback to adjust its input based on the outputs.