Which of the Following Is NOT True of the McNary-Haugen

question 40

Multiple Choice

Which of the following is NOT true of the McNary-Haugen plan?

• A) It drew the rural South and West together in defense of agriculture.
• B) It was passed by both houses of Congress but vetoed by President Coolidge.
• C) It promised crops would be sold on the world market in order to raise domestic prices.
• D) It was supported by Coolidge as a way to empower farmers.
• E) It was intended to raise domestic farm prices.

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Definitions:

Pure Strategy Equilibria

A scenario in game theory where each player chooses one strategy, and no player can benefit by changing strategies while the other players keep their strategies unchanged.

Swerve

To change direction abruptly, often used in driving contexts to avoid an obstacle or collision.

Drive Straight

The action or process of moving a vehicle forward in a direct line without turning.

Nash Equilibrium

A concept within game theory where each player's strategy is optimal given the strategies of all other players, and no player has anything to gain by changing only their own strategy unilaterally.