Under the U

question 200

Multiple Choice

Under the U.S. Food for Peace program, the availability of low-priced food from abroad hurt the farmers of developing countries because _____ in those countries.

• A) industrial goods became cheaper
• B) services became cheaper
• C) farm prices decreased
• D) the demand for farm products increased
• E) the price of inputs required for agriculture increased

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Definitions:

Law Of Increasing

This term seems incomplete. If referring to the "Law of Increasing Costs," it describes how producing more of one good requires increasingly larger sacrifices of other goods.

Production Possibilities Frontier

A graph that represents all the highest production options for two or more products, based on a specific set of resources.

Commodity Per Time

A measure of the rate at which goods or services are produced, delivered, or consumed over a specific period.

Other Commodity

General term for any marketable item produced to satisfy wants or needs, distinct from services.