The 1996 Freedom to Farm Act

question 26

Multiple Choice

The 1996 Freedom to Farm Act

• A) Abolished the subsidy programs for all farm products.
• B) Increased the amount of acreage set-asides.
• C) Reregulated the farming industry.
• D) Further deregulated the farming industry.

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Definitions:

Equity

The concept of fairness or justice in situations, ensuring fair treatment and distribution of resources among individuals or groups.

Social Exchange

A theory that suggests human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Mere Exposure Effect

The psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.

Marriage

Marriage is a legally and socially sanctioned union between individuals that establishes rights and obligations between them and their children.