One Way to Ensure All Producers Benefit from a Price

question 14

Multiple Choice

One way to ensure all producers benefit from a price floor is:

• A)give a government guarantee to buy all surplus.
• B)ration a certain quantity per household.
• C)give them to the friends and family of the producers.
• D)All of these are examples of ensuring all producers benefit using non-price methods.

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Definitions:

Developing Countries

are nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) compared to more developed countries.

Malnutrition

A condition that results from eating a diet in which one or more nutrients are either not enough or are too much, causing health problems.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means.