Evaluate the following: Although taxpayers foot the bill for federal water sold to farmers at subsidized prices,
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Evaluate the following: “Although taxpayers foot the bill for federal water sold to farmers at subsidized prices, they also eat the crops grown with that water. Because the crops are cheaper due to the subsidized water, taxpayers get back exactly what they put in, and so there is no waste from having subsidized water for farmers.” Would you give the author of this quote an A or an F in economics? Explain.
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Related Book For
The Economics of Public Issues
ISBN: 978-0134018973
19th edition
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
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