This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Governments continue to provide public support to some farmers, even in the absence of market ... (Read 63 times)

frosh101

  • Full Member
  • ***
  • Posts: 140
on: Oct 12, 2022
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.
◦ Vote-maximizing governments are not rational in their response to powerful lobbying.
◦ All consumers are willing to pay higher prices in order to provide financial support to some farmers.
◦ Government support goes to consumers in the form of price controls, which balances the support given to farmers.
◦ 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.
◦ The marginal social cost of providing support is equal to the marginal social benefit.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by frosh101 on Oct 12, 2022

dadgoere765

  • Full Member
  • ***
  • Posts: 186
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


frosh101

  • Member
  • Posts: 140
Reply 2 on: Oct 12, 2022
Gracias!

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Coral reefs, such as this one in the Red Sea, support some of the most diverse assemblages of organi Coral reefs, such as this one in the Red Sea, support some of the most diverse assemblages of organi
Large size can provide a refuge from predators. While young African elephants may be vulnerable to p Large size can provide a refuge from predators. While young African elephants may be vulnerable to p
Professional association conventions provide opportunities for networking with other massage ... Professional association conventions provide opportunities for networking with other massage ...
Leaning against a table with a pillow for support. Leaning against a table with a pillow for support.
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
6 SUPPORT NEED IT SOON PLEASE ANSWER ALL 6 SUPPORT NEED IT SOON PLEASE ANSWER ALL
Video: Oxygen transport: association and dissociation & Factors that affect hemoglobin's saturation with O2

For a complete list of videos, visit our video library