In Europe, the Common Agricultural Policy

question 96

Multiple Choice

In Europe, the Common Agricultural Policy:

• A)taxes European agricultural products sold in Europe.
• B)allows European farmers to sell their output at above world prices in the European market.
• C)is a form of export subsidy, since prices of European farm products sold on the world market are below prices
• Charged in the European market.
• D)is a form of export subsidy, since it allows European farmers to sell output at above world prices in the European
• Market and at world prices in the export market.

---

Definitions:

Private Law

Law that involves suits between private individuals or groups.

Trust Corpus

The principal amount of assets held in a trust, as distinguished from the income generated by those assets.

Trustee

(1) In a bankruptcy proceeding, an individual who takes over administration of a debtor’s estate. (2) A person who operates a business trust for beneficiaries.

Anatomical Gift

All or part of an individual’s body that the individual wishes to donate to a hospital, university, organ bank, etc.