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Surplus
The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.
Federal Food Distribution
Programs and services run by the government to distribute food to the needy, schools, and other institutions to ensure food security.
Agricultural Commodities
Basic goods used in commerce that are interchangeable with other goods of the same type, produced through farming activities.
Price Support Program
Governmental policies designed to maintain the price of a commodity at a certain level, to protect producers from market volatility.
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Q60: Instructions: Identify the following. Be as specific