NSC Exam 2 || 100% Error-free Answers.
optimization correct answers doing the best you can under constraints (/with what you have)
equilibrium correct answers willingness to pay for food has to be at least as great as the direct
cost to provide it
efficient correct answers no more social benefits can be achieved given the resources available
market failure correct answers the most efficient market is not achieved
externality correct answers cost or benefit of providing a product or service is imposed on people
not involved in the transaction
externality examples correct answers negative: water pollution
positive: beautification by an urban garden
imperfect competition correct answers -disproportionate competition (monopoly)
-not many buyers and sellers
asymmetric information correct answers one side knows more
(can't make food decisions)
behavior constraints correct answers inability to make rational decisions
(affect optimization, can be caused by hunger)
law of demand correct answers when price is low demand is high
when price is high demand is low
price elasticity correct answers between 0-1= inelastic
equal to 1= unit elastic
greater than 1= elastic
(Berkley)
policies correct answers -institutional rules
-respond to external factors
-express public interest
(drivers of behavior/food system)
policy > legislation correct answers 1. committees introduce policy options
2. Chairman's mark
3. floor of house/ senate
4.reconcile differences between house, senate
5. vote! president signature?
chairman's mark correct answers draft bill, starting point
, Farm Bill correct answers -largest food policy in US
-Omnibus bill: multiple topics
Farm Bill Title 1 correct answers Commodities
FB: Commodities correct answers -grown in large quantities
-stored + traded easily
-gov. controls prices= fair price, supply management, pay farmers
Farm Bill Title 2 correct answers Conservation
FB: Conservation correct answers -create most sustainable and efficient agriculture industry
-many acts...kinda contradictory
Farm Bill Title 3 correct answers Trade
FB: Trade correct answers -US= lowest tariffs and trade protections
-puts US farmers at disadvantage
Farm Bill Title 4 correct answers Nutrition
FB: Nutrition correct answers -SNAP
-67% allocated to SNAP
-contradiction between subsidies and food assistance
food culture correct answers food traditions and customs transmitted through learning that guide
the beliefs and behaviors of the people exposed to them
foodways correct answers individual's or group's culturally based food prep and consumption
behaviors and traditions
cultural beliefs... correct answers -may be unconscious
-may change
-shape understanding
-social values
-identity
"americanizing" / pressure to assimilate cause... correct answers decreased nutrition
folk traditions correct answers informal customs handed down from one generation to the next
Cultures with strong food/ health benefits correct answers -Traditional Chinese Medicine
-Ayurveda
"superfoods" correct answers -US
optimization correct answers doing the best you can under constraints (/with what you have)
equilibrium correct answers willingness to pay for food has to be at least as great as the direct
cost to provide it
efficient correct answers no more social benefits can be achieved given the resources available
market failure correct answers the most efficient market is not achieved
externality correct answers cost or benefit of providing a product or service is imposed on people
not involved in the transaction
externality examples correct answers negative: water pollution
positive: beautification by an urban garden
imperfect competition correct answers -disproportionate competition (monopoly)
-not many buyers and sellers
asymmetric information correct answers one side knows more
(can't make food decisions)
behavior constraints correct answers inability to make rational decisions
(affect optimization, can be caused by hunger)
law of demand correct answers when price is low demand is high
when price is high demand is low
price elasticity correct answers between 0-1= inelastic
equal to 1= unit elastic
greater than 1= elastic
(Berkley)
policies correct answers -institutional rules
-respond to external factors
-express public interest
(drivers of behavior/food system)
policy > legislation correct answers 1. committees introduce policy options
2. Chairman's mark
3. floor of house/ senate
4.reconcile differences between house, senate
5. vote! president signature?
chairman's mark correct answers draft bill, starting point
, Farm Bill correct answers -largest food policy in US
-Omnibus bill: multiple topics
Farm Bill Title 1 correct answers Commodities
FB: Commodities correct answers -grown in large quantities
-stored + traded easily
-gov. controls prices= fair price, supply management, pay farmers
Farm Bill Title 2 correct answers Conservation
FB: Conservation correct answers -create most sustainable and efficient agriculture industry
-many acts...kinda contradictory
Farm Bill Title 3 correct answers Trade
FB: Trade correct answers -US= lowest tariffs and trade protections
-puts US farmers at disadvantage
Farm Bill Title 4 correct answers Nutrition
FB: Nutrition correct answers -SNAP
-67% allocated to SNAP
-contradiction between subsidies and food assistance
food culture correct answers food traditions and customs transmitted through learning that guide
the beliefs and behaviors of the people exposed to them
foodways correct answers individual's or group's culturally based food prep and consumption
behaviors and traditions
cultural beliefs... correct answers -may be unconscious
-may change
-shape understanding
-social values
-identity
"americanizing" / pressure to assimilate cause... correct answers decreased nutrition
folk traditions correct answers informal customs handed down from one generation to the next
Cultures with strong food/ health benefits correct answers -Traditional Chinese Medicine
-Ayurveda
"superfoods" correct answers -US
