In a Buffer Stock Scheme

question 12

Multiple Choice

In a buffer stock scheme:

• A) The government uses the price to regulate demand.
• B) The government stores products to sell when demand is low.
• C) The government stores products to sell when supply is low.
• D) The government buys products when there is a shortage to sell abroad.

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Definitions:

Ombudsperson

An independent, neutral individual appointed to investigate and resolve disputes within an organization.

Neutral Person

An impartial individual who is not involved in a particular conflict or dispute and can facilitate negotiation or decision-making without bias.

Peer Review

The evaluation of work or performance by one or more people with similar competences as the producers of the work, often used in academia and professional fields.

Nonunion Grievance Processes

Procedures allowing employees not affiliated with a union to address complaints or disputes in the workplace.