Multiple Choice
Governments continue to provide public support to some farmers,even in the absence of market failures.Choose the best explanation for this practice according to public choice theory.
A) The marginal social cost of providing support is equal to the marginal social benefit.
B) Government support goes to consumers in the form of price controls,which balances the support given to farmers.
C) All consumers are willing to pay higher prices in order to provide financial support to some farmers.
D) Vote-maximizing governments are not rational in their response to powerful lobbying.
E) The benefits of the support are concentrated among a small and vocal group of farmers and the costs are widely dispersed among millions of consumers.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The diagram below shows demand and supply
Q5: The construction of the TransCanada highway is
Q6: Which of the following statements about market
Q7: The diagram below shows the marginal benefit
Q8: If a homeowner uses wood to heat
Q10: Which of the following phenomena is NOT
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 16-1 -Refer
Q12: The government has seatbelt and airbag requirements
Q13: In a free-market economy that is continually
Q14: The efficient price to charge consumers for