In the long run, the beneficiaries of farm price supports are
A)tenant farmers
B)consumers
C)taxpayers
D)milk drinkers
E)early owners of specialized resources

Question

Quizplus · Accepted Answer

Farm price supports benefit early owners of specialized resources, such as landowners, who are able to receive higher prices for their products due to government intervention in the markets. This often comes at the expense of consumers and taxpayers who must pay higher prices for goods and subsidies to support the programs. Tenant farmers may benefit in the short term, but in the long run, it is the owners of specialized resources who benefit the most. Milk drinkers are not necessarily beneficiaries of farm price supports as the subsidies may be directed towards other agricultural products.

In the Long Run, the Beneficiaries of Farm Price Supports