Solved

Which of the Following Is a Major Justification for Public

Question 186

Multiple Choice

Which of the following is a major justification for public aid to agriculture in the United States?


A) The demand for farm products is income elastic.
B) Technological progress has greatly reduced the demand for farm products.
C) Farmers sell their products in highly imperfect markets and buy resources in highly competitive markets.
D) Farmers are subject to extraordinary hazards that are hard to insure against.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q181: The price of a certain farm product

Q182: Farm price support programs have other costs

Q183: If the parity ratio goes from 0.8

Q184: Refer to the</p></div><svg width=

Q185: Refer to the</p></div><svg width=

Q187: Farm price support programs tend to
A)benefit both

Q188: The concept of parity in farm policy

Q189: Refer to the</p></div><svg width=

Q190: A declining parity ratio implies that the
A)prices

Q191: Refer to the</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents