Chapter 6. European Farm Surpluses

EIA Activity: European Farm Surpluses

Click on the links on the right to answer the following questions.

  1. Question

    Use Link 1 to answer the following questions. True or False: In order to deal with the problem of over-production of agricultural produce in the European Union, farmers were paid to produce.

    		A.
    		B.

  2. Question

    True or False: The European Union introduced the use of quotas for various crops to keep production levels from going above the required limit.

    		A.
    		B.

  3. Question

    True or False: To insure that agricultural prices do not fall below a certain level, governments or trading blocs such as the European Union can set intervention prices on certain goods.

    		A.
    		B.

  4. Question

    Use Link 2 to answer the following question. True or False: Agricultural technological innovation is one of the main focuses of the EU2020 strategy.

    		A.
    		B.

  5. Question

    Assume that you are a large scale wheat farmer who has been asked by the U.S. government not to produce this year. Now assume the government has offered to pay you, since you are not allowed to produce wheat. Assume you can make, on average, $296.14 per metric ton by selling wheat. What price per metric ton would be acceptable for you to receive from the government not to produce? Discuss.
    Your response will be graded by your instructor.
    Assume that you are a large scale wheat farmer who has been asked by the U.S. government not to produce this year. Now assume the government has offered to pay you, since you are not allowed to produce wheat. Assume you can make, on average, $296.14 per metric ton by selling wheat. What price per metric ton would be acceptable for you to receive from the government not to produce? Discuss.

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