The Concept of Parity in Farm Policy Implies That

question 110

Multiple Choice

The concept of parity in farm policy implies that

• A)farm incomes should remain stable over the business cycle.
• B)a given output should always provide the farmer with the same real income.
• C)the purchasing power of the farmer's dollar should rise each year.
• D)the prices of farm commodities should remain stable.

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Definitions:

Representation Election

A process in which workers vote to decide whether they want to be represented by a union in dealings with their employer.

Perceived Costs

The costs that a consumer or purchaser believes they will incur in the process of obtaining or using a product or service.

Unionization

The process of forming a union or becoming a member of one, typically with the goal of improving negotiations with employers over wages, benefits, and working conditions.

Dissatisfaction

A feeling of unhappiness or displeasure resulting from unmet expectations.