AGEC 410 Quizzes well answers graded
A+ updated
T or F
Political economy differs from economies because it focuses on motivations and actions beyond
those that are concerned with fundamental resource allocation and use. - correct answer
✔✔True
T or F
The economics that is most associated with bringing analysis at the marginal analysis and
comparisons of rates of adjustment to the study of economics is Marshall. - correct answer
✔✔True
T or F
Testing of theoretical concepts via formal hypothesis declaration and rejection (or failure to
reject) is a distinguishing feature of science. - correct answer ✔✔True
T or F
A "normative economics" statement is one that indicates "what should be" - correct answer
✔✔True
T or F
A "positive economics" statement is one that indicates "what is" - correct answer ✔✔True
A "sunset" provision written into a legislation action or program has what effect? - correct
answer ✔✔Causes the program to end at a definitive future date
, A "mandatory" program differs from a "discretionary" program in that - correct answer
✔✔Mandatory programs do not require annual appropriations of funds for beneficiaries
The Farm Bill is an example of what type of legislation - correct answer ✔✔Omnibus legislation
Which of the following is not a "title" of the Farm Bill - correct answer ✔✔Climate
Which of the following is part of the Nutrition title of the Farm Bill - correct answer ✔✔SNAP
(supplemental nutrition assistance program) payments for low income households
Which of the following is not a "covered commodity" - correct answer ✔✔Beef
Many farm subsidies are entitlements which means - correct answer ✔✔A farm operator that
shows they qualify by the laws will receive the formula amount of payments
The typical lifespan for a Farm Bill is - correct answer ✔✔5 years
The nutrition title of the farm bill as passed in 2018 was projected to spend ___ on the nutrition
title? - correct answer ✔✔76.1%
The most recent US Farm Bill was passed in ____? - correct answer ✔✔2018
The conservation reserve program (CRP) was established in which farm bill - correct answer
✔✔1985
The first omnibus farm bill (1973) combined which two major policy items? - correct answer
✔✔Farm subsidies and nutrition programs
A+ updated
T or F
Political economy differs from economies because it focuses on motivations and actions beyond
those that are concerned with fundamental resource allocation and use. - correct answer
✔✔True
T or F
The economics that is most associated with bringing analysis at the marginal analysis and
comparisons of rates of adjustment to the study of economics is Marshall. - correct answer
✔✔True
T or F
Testing of theoretical concepts via formal hypothesis declaration and rejection (or failure to
reject) is a distinguishing feature of science. - correct answer ✔✔True
T or F
A "normative economics" statement is one that indicates "what should be" - correct answer
✔✔True
T or F
A "positive economics" statement is one that indicates "what is" - correct answer ✔✔True
A "sunset" provision written into a legislation action or program has what effect? - correct
answer ✔✔Causes the program to end at a definitive future date
, A "mandatory" program differs from a "discretionary" program in that - correct answer
✔✔Mandatory programs do not require annual appropriations of funds for beneficiaries
The Farm Bill is an example of what type of legislation - correct answer ✔✔Omnibus legislation
Which of the following is not a "title" of the Farm Bill - correct answer ✔✔Climate
Which of the following is part of the Nutrition title of the Farm Bill - correct answer ✔✔SNAP
(supplemental nutrition assistance program) payments for low income households
Which of the following is not a "covered commodity" - correct answer ✔✔Beef
Many farm subsidies are entitlements which means - correct answer ✔✔A farm operator that
shows they qualify by the laws will receive the formula amount of payments
The typical lifespan for a Farm Bill is - correct answer ✔✔5 years
The nutrition title of the farm bill as passed in 2018 was projected to spend ___ on the nutrition
title? - correct answer ✔✔76.1%
The most recent US Farm Bill was passed in ____? - correct answer ✔✔2018
The conservation reserve program (CRP) was established in which farm bill - correct answer
✔✔1985
The first omnibus farm bill (1973) combined which two major policy items? - correct answer
✔✔Farm subsidies and nutrition programs
