A major criticism of agricultural subsidies is that
A) they restrict agricultural output but reduce farm incomes when demand is inelastic.
B) the principal beneficiaries of these subsidies have been foreign farmers and not domestic farmers.
C) they duplicate other economic policies that are designed to increase the prices for agricultural products.
D) they do not address the misallocation of resources between agriculture and the rest of the economy.
Correct Answer:
Verified
Q157: The agricultural price support program in the
Q158: Which of the following is not a
Q159: The concept of parity in farm policy
Q160: Farm price support programs tend to
A) benefit
Q161: Acreage allotments, which limit the number of
Q163: Which of the following statements describes how
Q164: Which group of farmers benefits the least
Q165: The fundamental cause of agricultural price and
Q166: Agricultural price supports have been criticized because
Q167: Federal food distribution programs, such as the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents