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Business, 11.03.2020 04:09 gshreya2005

The United States and the European Union impose price floors on many agricultural products. These price floors lead to unwanted surpluses. To deal with a surplus: 1. the U. S. government in some cases has destroyed the surplus production. 2. the U. S. government holds auctions to sell the surplus to the highest bidder. 3. the European Union pays farm exporters to sell products for a profit overseas. 4. the U. S. government typically pays farmers to produce as much as possible.

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The United States and the European Union impose price floors on many agricultural products. These pr...

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