A Major Criticism of Agricultural Subsidies Is That

Multiple Choice

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.