Marketing quotas:
a. Prevent slippage.
b. Avoid capitalization.
c. Increase U.S. competitiveness in world markets.
d. Increase price instability.
e. All of the above.
Question 2Regulation to prevent food-borne illness began with HACCP.
Indicate whether the statement is true or false
Question 3Which of the following is the most market distorting relative to the free market:
a. Marketing loan.
b. Mandatory production controls.
c. Price supports.
d. Countercyclical payments.
e. Decoupled fixed payments.
f. Non recourse loan.
Question 4HACCP is science based.
Indicate whether the statement is true or false
Question 5Which of the following are not characteristics of production control programs:
a. May be either voluntary or mandatory.
b. Raise the value of fixed resources used in production.
c. Marketing quotas are less effective than acreage allotments.
d. Set aside programs are less effective in reducing production than whole farm retirement.
e. Typically require payments that are less than farmers could earn from the land being retired.
Question 6The marketing loan differs from the non recourse loan in that it:
a. Removes the floor from under the market price.
b. Is less market distorting.
c. Makes the U.S. more export competitive.
d. Is blue box.
e. a and c above.
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