Provide a Short Answer to Each of These Questions

question 14

Essay

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-The Food Safety Modernization Act (FSMA) gives the FDA a mandate to develop a science-based food safety system that addresses hazards from farm to table, putting greater emphasis on the prevention of food-borne illness - a major concern of consumers. Has this law been effective? How has it changed food safety?

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Definitions:

Cyclically Balanced

A term that might not be widely recognized in standard economic literature; if intended to mean maintaining balance over economic cycles, it could refer to the aim of achieving economic stability across different phases of economic cycles.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.

Falling Output

Falling output describes a situation where an economy or a particular sector is producing less goods or services over time.

Budget Deficit

A financial situation where government expenditures exceed its revenues.