Instructions: Complete the following exercises based on the reading passage. Matching: Match the economic term with its correct definition. A. The excess supply of a good when production exceeds demand. B. The federal agency responsible for managing food and agricultural policies. C. The financial assistance provided by the government to support businesses or industries. D. The act of a government influencing the economy through policies or financial support. E. The value of the best alternative forgone when making a decision.

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UpStudy AI · Accepted Answer

Here are the matches for the economic terms with their correct definitions:

1. **A** - The excess supply of a good when production exceeds demand. (This describes a surplus.)
2. **B** - The federal agency responsible for managing food and agricultural policies. (This refers to the USDA - United States Department of Agriculture.)
3. **C** - The financial assistance provided by the government to support businesses or industries. (This is known as a subsidy.)
4. **D** - The act of a government influencing the economy through policies or financial support. (This is referred to as economic intervention or government intervention.)
5. **E** - The value of the best alternative forgone when making a decision. (This is known as opportunity cost.)

If you need further clarification or additional information, feel free to ask!
- **A** - Surplus - **B** - USDA (United States Department of Agriculture) - **C** - Subsidy - **D** - Economic Intervention - **E** - Opportunity Cost

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