Multiple Choice
Recent government policies to provide price and income subsidies in agriculture are economically inefficient because they
A) increase the interest costs for farmers.
B) maintain high production levels for farm products.
C) limit the adoption of new technology to increase output.
D) give control over production and prices to a few, large agribusinesses.
Correct Answer:
Verified
Correct Answer:
Verified
Q73: What has been the rationale made over
Q74: What are the major economic effects on
Q75: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q76: Which of the following statements best describes
Q77: Discuss the criticism of the parity concept.
Q79: A significant reason that increases in demand
Q80: What is the reason why large, short-run
Q81: Which of the following statements best describes
Q82: The movement to eliminate agricultural subsidies in
Q83: The price elasticity of demand for most