Exhibit 20.1 -Refer to Exhibit 20.1.A Shift of the Demand Curve from the Demand

question 47

Multiple Choice

Exhibit 20.1

-Refer to Exhibit 20.1.A shift of the demand curve from D to D' will _____

• A)decrease the exchange rate from E' to E.
• B)increase the exchange rate from E to E'.
• C)cause the foreign currency to depreciate.
• D)cause the domestic currency to appreciate.
• E)cause the supply curve to shift.

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Definitions:

Medicare and Medicaid

Medicare and Medicaid are U.S. government programs that provide medical and health-related services to specific groups of people, including the elderly, disabled, and individuals with low income.

Freedom to Farm Act

A U.S. law enacted in 1996 that aimed to phase out various agricultural subsidies and reduce federal regulation of farming, thereby allowing farmers more freedom in making planting decisions.

Price-Support Payments

Government subsidies provided to farmers or producers to maintain the market price of an agricultural product above its competitive equilibrium level.

Family Farm

A farm owned and operated by a family, typically passed down through generations, as opposed to corporate farms owned by companies.