Which of the Following Is a Prominent Argument Against the Use

question 4

Multiple Choice

Which of the following is a prominent argument against the use of price floors?

• A) Non-price rationing must occur and can lead to consumers waiting for goods or services.
• B) The cost to taxpayers will increase if the government buys all surplus.
• C) Producers will reduce the quality of the goods they sell.
• D) Price floors transfer surplus from producers to consumers.

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Definitions:

Transgenic Crops

Crops that have been genetically modified to express a gene from another species, conferring beneficial traits such as pest resistance or increased yield.

Pesticide-Resistant

Refers to pests that have developed a resistance to pesticides through genetic mutation or adaptation, reducing the effectiveness of the pesticides.

Pest-Resistant

A characteristic of plants that have the ability to withstand or repel attacks from pests, reducing the need for chemical pesticides.

Gene Flow

The movement of alleles between local populations due to the migration of individuals; can have significant evolutionary consequences.