The Price Parity Concept, Which Is a Cornerstone of U

question 219

Multiple Choice

The price parity concept, which is a cornerstone of U.S. agricultural policy, was established by the

• A)Agricultural Income Act of 1914.
• B)Agricultural Adjustment Act of 1933.
• C)Obama administration.
• D)Reagan administration.

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Definitions:

Printing Press

A mechanical device for applying pressure to an inked surface resting upon a print medium (such as paper or cloth), thus transferring the ink, marking a pivotal moment in the history of publishing and the spread of information.

Manhattan Island

An island at the mouth of the Hudson River in New York City; historically significant as the founding location of New York.

Permanent Settlement

A term often associated with the agreement made by the British with landlords in colonial India, fixing revenues to be raised from land, making the landlords intermediaries between the farmers and the colonial government.