Which Device Has Been Used by the International Wheat Agreement

question 1

Multiple Choice

Which device has been used by the International Wheat Agreement to stipulate the minimum prices at which importers will buy stipulated quantities from producers and the maximum prices at which producers will sell stipulated quantities to importers?

• A) buffer stocks
• B) export controls
• C) multilateral contracts
• D) production controls

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Definitions:

Farm Subsidy Programs

Financial assistance programs provided by the government to farmers to stabilize food prices, ensure a consistent food supply, and sustain the agricultural sector's economic viability.

Social Security

A government program that provides financial assistance to people with inadequate or no income, primarily the elderly, disabled, and survivors.

Credit Subsidies

Financial support or incentives provided by the government to reduce the cost of borrowing, often aimed at encouraging certain types of investments or purchases.

Elderly Individuals

are persons typically aged 65 years and older, often considered to be in the retirement phase of life.