Governments May Attempt to Protect Dairy Farmers from Low Milk

question 128

Multiple Choice

Governments may attempt to protect dairy farmers from low milk prices by:

• A) banning the hoarding of milk by households.
• B) setting a minimum price on milk.
• C) increasing taxes on dairy farmers.
• D) reducing subsidies on the price of milk.

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Definitions:

Consolidated Omnibus Budget Reconciliation Act

A U.S. federal law that provides individuals and their families the option to continue healthcare coverage for a limited time after losing health benefits.

Policy Premiums

The amounts of money that individuals or organizations pay for insurance policies over a set period.

Administrative Fee

Charges apart from the basic services or goods provided, often included to cover the cost of administrative expenses.

Taft-Hartley Act

A U.S. federal law that restricts the activities and power of labor unions.