Asked by Dasia Monique' on May 26, 2024
Verified
Overproduction of farm products in the European Community has been primarily the result of
A) low U.S. tariffs on imports of farm products.
B) subsidies to farmers in the European Community.
C) increasing world trade in agricultural commodities.
D) quotas imposed by the European Community on imported products.
Overproduction
The situation where more goods or services are produced than are demanded, causing prices to drop or resources to be wasted.
European Community
The European Community was a regional organization aimed at integrating its member states economically and politically, serving as a precursor to the European Union.
Subsidies
Financial contributions provided by governments to support businesses, reduce the prices of commodities, or encourage activities beneficial to the public interest.
- Investigate the international consequences of local agricultural policies on trade dynamics and the stability of food supplies.
Verified Answer
NB
normarliana bidinMay 30, 2024
Final Answer :
B
Explanation :
Subsidies to farmers in the European Community have led to overproduction of farm products by making it financially viable for farmers to produce more than the market demand. These subsidies can artificially inflate production levels, leading to surpluses.
Learning Objectives
- Investigate the international consequences of local agricultural policies on trade dynamics and the stability of food supplies.