A Congressional Action in 1996 to Let the Market Determine

question 9

Multiple Choice

A congressional action in 1996 to let the market determine the price and supply of agricultural commodities resulted in

• A)a dramatic increase in farm prices.
• B)surplus production of certain crops.
• C)a rise in crop subsidies.
• D)a dramatic shortage in almost every major crop.
• E)a brief inability of the United States to provide enough food for its domestic market.

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Definitions:

Legal Restriction

A regulatory measure that limits or controls certain actions within a legal framework.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Rent Controls

Government-imposed limits on the amount landlords can charge for renting out their property to ensure affordable housing for tenants.

Rental Units

Housing units, such as apartments or houses, that are available for rent to tenants.