Which of the Following Is Not a Characteristic of a Market

question 22

Multiple Choice

Which of the following is not a characteristic of a market participant?

• A) Knowledgeable
• B) Ethical
• C) Independent
• D) Willing to transact

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Definitions:

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.

Crop Insurance

A risk management tool that protects agricultural producers against loss of their crops due to natural disasters, such as flood, hail, drought, or loss in revenue due to declines in the prices of agricultural commodities.