Question
1) Price supports in agricultural markets tend to create surpluses. List and describe four options the government can use to disperse surpluses that result from
1) Price supports in agricultural markets tend to create surpluses. List and describe four options the government can use to disperse surpluses that result from a price support.
2) Listen to the podcast, "Why Farmers are Breaking Eggs and Dumping Milk", at the following link and answer the following questions. https://www.wsj.com/podcasts/the-journal/why-farmers-are-breaking-eggs-and-dumping-milk/0ae090e3-2635-4e6a-a44f-7c6be3df75e0 A - Explain why farmers are having to break eggs and dump milk during COVID-19. B - In what ways does the supply chain for restaurants differ from grocery stores? C - How has the market for bacon and prices for pork bellies changed during the COVID-19 shutdown? D - Why is it so difficult for some farms to find a market for their commodities during COVID-19?
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