Economics (McConnell) AP Edition, 19th Edition

Chapter 19: Agriculture: Economics and Policy

After reading this chapter, you should be able to:

1. Explain why agricultural prices and farm income are unstable.
2. Discuss why there has been a huge employment exodus from agriculture to other U.S. industries over the past several decades.
3. Relate the rationale for farm subsidies and the economics and politics of price supports (price floors).
4. Describe major criticisms of the price-support system in agriculture.
5. List the main elements of existing Federal farm policy.

AP Chapter 19 Introduction (8.0K)