One of the consequences of an agricultural price support program is
A) a surplus.
B) more exchanges made at the price support.
C) lower prices paid by consumers.
D) lower taxes for taxpayers.
E) a and c
A
You might also like to view...
In 2003, Congress passed a tax cut that included a reduction in the marginal tax rate on stock dividends. This essentially increased the after-tax rate of return on stocks that offer dividends
Using the loanable funds market, describe what will happen to saving, investment, economic growth, the real interest rate, and the quantity of loanable funds exchanged.
If the government sets a specific tax and an ad valorem tax so that they raise the same amount of tax revenue, why does the ad valorem tax reduce output less than the specific tax?
What will be an ideal response?
Explain how monopsony might affect the market for labor.
What will be an ideal response?
Recall the Application about how to wash carbon out of the air to answer the following question(s).This Application deals with the problem of ________ emissions in the atmosphere.
A. fracking B. smog C. carbon D. None of these