Quiz - Government’s Role in Agricultural Business

In which year was the Freedom to Farm Act passed?

• 1994

• 1995

• 1996

• 1997

Which of the following is the chief agency which promotes, regulates and implements government policies in the American farm and food industry?

• FDA

• USDA

• FSA

• EPA

What year was the Federal Trade Commission established?

• 1890

• 1901

• 1914

• 1924

What is the term for the removal or relaxation of the rules affecting businesses within certain industries?

• Regulation

• Deregulation

• Exertion

• Inexertion

The Agricultural Act of 1970 set limited payments on a single crop to how much?

• $48,000

• $55,000

• $59,000

• $62,000

Which of the following accurately defines tariff?

• Law based on precedents established by judges’ decisions

• A tax paid on land, structures and other property owned

• A special tax placed on foreign goods sold in the United States

• Law set forth by administrative agencies and commissions

Which of the following is a true statement?

• FAS Market Development and Export Assistance partners with over 100 cooperator groups

• FTC stands for Federal Trade Commission

• FAS stands for Federal Agricultural Sector

• Imports are goods produced in one country then shipped to another country

Property taxes are NOT paid on which of the following?

• Imports

• Barns

• Farm land

• Commercial land

Employees are protected through governmental legislation designed to do which of the following?

• Establish a minimum wage

• Encourage unlawful termination

• Withhold the right to participate in labor unions

• Deny rights to privacy

Which of the following is NOT a true statement?

• State policies regulate production, transportation, processing and marketing of agricultural commodities

• Local policies regulate the size of farming operations

• County governments endorse agricultural education in schools

• The president regulates the size of all farming operations