Which of the Following Is Prompting Farmers in Many Developed

question 23

Multiple Choice

Which of the following is prompting farmers in many developed nations to discover new ways to manage risk and increase agricultural efficiency?

• A) enforcement of trade embargoes and tariffs
• B) exposure of agribusiness to market forces
• C) provision of extensive government subsidies
• D) designation of agricultural products as dual use products

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Definitions:

Selling Price

The amount of money for which a seller is willing to sell their product or service.

Cost

The amount that is spent to buy or produce something, including the resources and materials used.

Overhead Expenses

Costs associated with running a business that are not directly tied to producing goods or services, such as rent and utilities.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the operations.