Farmers in Developing Countries Want Canada to Reduce the Subsidies

question 62

Multiple Choice

Farmers in developing countries want Canada to reduce the subsidies that it gives to Canadian farmers because subsidized agricultural products from Canada:

• A) lead to agricultural surpluses and lower prices for farmers in developing countries.
• B) raise the world price of agricultural products.
• C) have led to a global shortage of agricultural products.
• D) have led to an increase in the demand for agricultural products from the developing world.

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Definitions:

Equity Maintenance

Efforts or mechanisms aimed at preserving fairness and equality in relationships, groups, or societal distributions of resources.

Equality Matching

A type of reciprocity based on the idea of balance and fairness, where each participant receives equivalent value in a transaction or relationship.

Social Exchange

People often use a form of everyday economics when they weigh up costs and rewards before deciding what to do.

Bicultural Identity

An individual's identification with two cultures and the integration of these cultures into their sense of identity.