Which of the following arguments for farm subsidies is most closely associated with the parity concept?
A) Although farmers produce necessities for the rest of us, they receive low incomes that are declining in real terms and should therefore receive price and income support.
B) Farmers sell their output in purely competitive markets but must buy inputs from imperfectly competitive firms.
C) Farmers cannot fully insure themselves against the risks unusual to farming, such as floods, droughts, and pests.
D) The "family farm" is an American institution that should be protected and nurtured.
Correct Answer:
Verified
Q26: Acreage allotment programs were designed to
A) reduce
Q27: If the prices received by farmers increased
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Q29: Over the past several decades, farm employment
Q30: Measured in terms of farm employment and
Q32: If in a certain year the indices
Q33: Which of the following arguments is not
Q34: One consequence of the long-run problem faced
Q35: The parity ratio
A) compares worker productivity in
Q36: Historically, many aspects of U.S. farm policies
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