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When he ran for President in 2000, Al Gore said that American farmland was disappearing at...

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Economics

When he ran for President in 2000, Al Gore said that Americanfarmland was disappearing at an \"alarming\" rate and that soon itwould be impossible to grow enough food on the remaining land tofeed the entire country, which would mean the prospect of peoplenot having enough to eat. His proposed solution was to have thegovernment place restrictions on converting farmland to other uses,such as subdividing lots for building new homes. Was Gore'sassessment of the situation, along with his policy prescription,based upon accurate economic theory and analysis? Why or why not?(Note: For this question, we will assume that all food consumed inthe USA is grown or produced here. Yes, I know we import food, butthis question can be answered even with the assumption that wedon't import any food.

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