As a Result of Legislation to Establish a Floor Price

question 138

Multiple Choice

As a result of legislation to establish a floor price for milk, most dairy farmers will

• A)end up earning a normal rate of return in the long run
• B)end up earning a zero rate of return in the long run
• C)end up earning a negative rate of return in the long run
• D)benefit from the increased cost of specialized resources used in dairy farming
• E)suffer if they own specialized resources at the time the legislation is passed

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Definitions:

Igneous Feature

A geological formation or structure that has been created through the cooling and solidification of magma or lava.

Laccolith

A geological formation resulting from magma pushing up between layers of rock, creating a lens-shaped mass.

Columnar Joints

Natural formations of rock into long, regular columns, typically found in basalt flows, resulting from the cooling and contraction of lava.

Igneous Rock

Rock formed through the cooling and solidification of magma or lava, categorized into intrusive or extrusive depending on the environment of formation.