Economics (McConnell), AP* Edition, 20th EditionChapter 20:
Agriculture: Economics and Policy After studying this chapter, you should be able to: LO 20.1 | Explain why agricultural prices and farm income are unstable. | LO 20.2 | Discuss why there has been a huge employment exodus from agriculture to other U.S. industries over the past several decades. | LO 20.3 | Relate the rationale for farm subsidies and the economics and politics of price supports (price floors). | LO 20.4 | Describe major criticisms of the price-support system in agriculture. | LO 20.5 | List the main elements of existing federal farm policy. |
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