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What causes a production possibilities frontier to shift inward?
Voting Paradox
A situation in collective decision-making where individual preferences do not result in a consistent collective decision, often leading to unexpected or contradictory outcomes.
Freedom to Farm Act
Legislation aimed at reducing government intervention in agricultural markets, emphasizing market-based mechanisms for crop production.
Farm Subsidies
Financial assistance provided by the government to farmers, intended to supplement their income and stabilize food prices.
Agricultural Act of 2014
A United States federal law that established policies for agricultural and food programs, often referred to as the 2014 Farm Bill.
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