Multiple Choice
Identify the truthfulness of the following statements.
I. Government purchase programs in agriculture tend not to be more expensive than acreage limitation programs.
II. Government purchase programs in agriculture tend to be politically more palatable than direct cash transfers, even though they induce more deadweight loss.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.
Correct Answer:

Verified
Correct Answer:
Verified
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