To have an effective price support program,the government must
i.isolate the domestic market from the world market.
ii.pay the farmers a subsidy.
iii.introduce a price floor.

Question

Quizplus · Accepted Answer

To have an effective price support program, the government must isolate the domestic market from the world market to prevent lower-priced imports from undermining the support program, pay farmers a subsidy to compensate for any discrepancies between market prices and support levels, and introduce a price floor to ensure that prices do not fall below a certain minimum level.

To Have an Effective Price Support Program,the Government Must