Multiple Choice
It is not likely that the costly special-interest farm price supports will be replaced by more efficient direct transfer payments because
A) farming would cease
B) such a proposal would attract public attention and threaten the survival of the program
C) the private gains from price supports exceed the costs to society
D) a direct transfer program would require too much paperwork
E) consumers favor the current legislation
Correct Answer:

Verified
Correct Answer:
Verified
Q74: One consequence of raising tax rates is
Q75: Exhibit 16-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 16-4
Q76: A frim wishing to acquire a monopoly
Q77: In the long run, the beneficiaries of
Q78: Exhibit 16-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 16-5
Q80: Exhibit 16-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 16-1
Q81: The Agricultural Marketing Act of 1937 was
Q82: Legislation that provides a price support for
Q83: Exhibit 16-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 16-5
Q84: Rent seeking activities by special interest groups