Suppose the United States Had a Short-Term Shortage of Farmers

question 2

Multiple Choice

Suppose the United States had a short-term shortage of farmers.Which mechanisms would adjust to remove the shortage?

• A)The government would provide tax incentives to encourage people to become farmers.
• B)The government would subsidize the production of food.
• C)The prices of food and the wages of farmers would adjust.
• D)There are no mechanisms to remove the shortage.

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Definitions:

Distress

Acute stress or discomfort resulting from situations perceived as threatening or overwhelming.

Misinformation Effect

Information received from others about an event that can alter a memory to conform to the information received from other people.

Plausibility

The quality of appearing to be reasonable or probable, often used in the context of arguments or theories.

Confidence

The belief in one's abilities and making decisions or taking actions with a sense of assurance and firm trust in oneself.