AnswersCareer Explorations IIAgriculture and the Economy

Agriculture and the Economy Answers

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1
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Which of the following companies created a new type of business model in 1950 that changed how food businesses worked and operated?

A
Pizza Hut
B
McDonald’s
C
Walmart
D
Kentucky Fried Chicken
2
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Which of the following best explains the public’s shift to support local farming?

A
Corporate farmers are experiencing more difficulties in distributing their products throughout the nation.
B
Corporate farmers are experiencing a decline in quality of products due to a lack of resources and funding.
C
The public is upset with corporate farming’s unhealthy and underhanded business practices.
D
The public thinks that local farmers will sell their food for cheaper prices than corporate farmers.
3

Which act or program allows the type of exchange in the following scenario? A farmer has a great deal of land, but he only uses about two-thirds of it for crops. The rest is “rented” by the government; in exchange for not using the rest of the land for farming, the government provides monetary compensation for keeping the land pristine.

A
North American Free Trade Agreement
B
General Agreement on Tariffs and Trade
C
Conservation Reserve Program
D
Agricultural Adjustment Act
4

Which of the following is NOT a provision of the Agricultural Adjustment Act?

A
insurance for farmers
B
price support
C
alternative energy programs
D
farm equipment
5

Match the policy or organization with the event over which it has jurisdiction.

Answer not available
6

Correctly complete the statement below using the appropriate term.

Answer:

negative

7

Match the event or organization to its function.

Answer not available
8

Which of the following countries signed the NAFTA, resulting in the formation of the largest trading association in the world?

A
China, Mexico, United States
B
China, Russia, United States
C
Canada, Russia, United States
D
Canada, Mexico, United States
9

Correctly complete the statement below using the appropriate term.

Answer:

commodity

10

Which of the following best describes an economic system?

A
a system that oversees the sale of household products to be bought by families around the country
B
a system that oversees the production of agricultural goods to be distributed to manufacturers
C
an interconnected system that distributes goods and services to the homeless and mentally unstable
D
an interconnected system revolving around the production, distribution, and consumption of goods and services
11

Match the definition to the term.

Answer not available

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