Government Intervention in Agriculture Usually Involves

question 398

Multiple Choice

Government intervention in agriculture usually involves

• A) price ceilings in order to keep food prices low.
• B) price ceilings in order to subsidize U.S. exports.
• C) price supports in order to keep farm incomes high.
• D) price supports in order to keep agricultural imports low.

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Definitions:

Mortgagees

Banks or other financial institutions that lend money to borrowers (mortgagors) for the purchase of property, holding a lien on the property as security for the repayment of the loan.

Security Interest

A security interest is a legal right granted by a debtor to a creditor over the debtor's property to secure the repayment of a debt.

Financing Statement

A document filed to indicate a security interest in personal property, used to publicize a creditor's right to possible repossession of goods.

Perfection

In legal finance, it refers to the process of securing a lien or interest in a borrower's collateral, making it legally enforceable against third parties.