Prices for farm crops change constantly. What can the government do to protect farmers and keep prices stable?
A.
Sell crops for farmers on the open market.
B.
Distribute more food to the needy.
C.
Force farmers to sell their crops at lower prices.
D.
Give farmers a subsidy on their crops.
D. Give farmers a subsidy on their crops.
What is term for the ability to easily turn assets or investments into cash?
A.
Feasibility
B.
Marketability
C.
Divisibility
D.
Liquidity
D. Liquidity
Which of the following arguments would MOST likely come from a critic of globalization? Select the TWO arguments that apply.
A.
Globalization will lead to lower prices for consumers and a larger variety of goods for individuals and society.
B.
Globalization will increase competition and smaller companies will struggle to compete with larger multi-national corporations.
C.
Globalization will lead to businesses outsourcing jobs in order to save money on productions costs, thus causing many people to lose their jobs and the unemployment rate to go up.
D.
Globalization will create more opportunities for individuals in developing nations which will raise the standard of living.
B. Globalization will increase competition and smaller companies will struggle to compete with larger multi-national corporations and C. Globalization will lead to businesses outsourcing jobs in order to save money on productions costs, thus causing many people to lose their jobs and the unemployment rate to go up.
To protect farmers and maintain stable prices for farm crops, the government could implement various measures. One option is for the government to sell crops for farmers on the open market (option A). By acting as a market intermediary, the government can help ensure stable prices by managing supply and demand.
Another approach is to distribute more food to the needy (option B). This can be achieved through programs such as food assistance or food banks, which offer subsidized or free agricultural products to low-income individuals. By supporting those in need, the government can help stabilize demand and prevent excessive price fluctuations in the market.
Forcing farmers to sell their crops at lower prices (option C) is not a recommended strategy for price stability. Such an approach can disrupt the agricultural market, negatively impact farmers' incomes, and discourage future production.
A widely used method to protect farmers and stabilize prices is to provide subsidies (option D). Governments may grant subsidies or financial support to farmers, reducing their production costs or offering price incentives. This support helps farmers sustain their operations, mitigating financial risks and ensuring a steady supply of crops in the market.
In conclusion, the most effective options for the government to protect farmers and maintain stable prices for farm crops are selling crops on the open market, distributing more food to the needy, and providing subsidies to farmers.