If a Government Enacts a Price Floor on Agricultural Products

question 252

Multiple Choice

If a government enacts a price floor on agricultural products to protect wheat farmers, the result is likely going to be

• A)an increase in price with a surplus of wheat.
• B)an increase in price with a shortage of wheat.
• C)a decrease in price with a surplus of wheat.
• D)a decrease in price with a shortage of wheat.

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Definitions:

Analog I/O

Input/Output interfaces that deal with continuous signals, allowing for the measurement and control of parameters such as temperature and pressure.

Monitoring

The process of continuously observing system performances and conditions to ensure optimal operation.

Control

Involves the regulation or manipulation of variables within a system to achieve desired outcomes or maintain a certain state of operation.

Voltages

The difference in electric potential between two points, measured in volts, which drives an electric current between those points.