One World View article titled "EU Farm Subsidies" reports about the European Union,"… the subsidy for every cow is greater than the personal income of half the people in the world." Which of the following programs is involved?
A)Price supports.
B)Direct income support.
C)A reduction of production costs.
D)Consumer rebates.

Question

Quizplus · Accepted Answer

Price supports are government interventions that maintain the market price of a commodity at a certain level, often leading to subsidies for producers, such as farmers, which can result in high subsidies per cow.

One World View Article Titled "EU Farm Subsidies" Reports About