Farm Price Support Programs Most Often Take the Form of Price

question 63

Multiple Choice

Farm price support programs most often take the form of price

• A)Ceilings,which cause shortages.
• B)Floors,which cause shortages.
• C)Ceilings,which cause surpluses.
• D)Floors,which cause surpluses.

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Definitions:

Division of Income

The method by which a company's profit is distributed among its various stakeholders, including shareholders, employees, and sometimes the government in the form of taxes.

General Partnership

A type of partnership where all partners share equally in both the management responsibilities and the liabilities of the business.

Limited Partnership

A partnership with at least one general partner who manages the business and is liable for debts, and one or more limited partners who are only liable to the extent of their investment.