If it is so obvious that farm subsidies hurt consumers, why do such subsidies continue to be

Question:

If it is so obvious that farm subsidies hurt consumers, why do such subsidies continue to be voted in by Congress?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Economics of Public Issues

ISBN: 978-0134018973

19th edition

Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North

See More Books

Question Posted: Oct 20, 2018 07:35 AM

See More Questions

Use public choice theory to explain the persistence of farm subsidies in the face of major criticisms of those subsidies. If the special-interest effect is so strong, what factors made it possible in...
What groups would be the major beneficiaries if farm subsidies in the United States were eliminated?
In August 1982, a hog confinement building owned by Charles Ridenour collapsed and was rendered a total loss. Some of Ridenour's hogs were killed as a further result of the collapse. Ridenour made a...
Consider the cash flows in Table P6.7 for the following investment projects (MARR = 15%). Determine the annual equivalent worth for each project at i = 15% and determine the acceptability of each...
You decide to travel to a star 62 light-years from Earth at a speed that tells you the distance is only 25 light-years. How many years would it take you to make the trip?
In a torture test a light switch is turned on and off until it fails. If the probability is 0.001 that the switch will fail any time it is turned on or off, what is the probability that the switch...
Look at the visualization titled "Changing Face of America" (the second visualization on the page). This is a new kind of visualization in which the total for each year is scaled to $100 %$, and the...
Nicole has been financing Nicoles Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $ 2 par common shares. Outstanding shares include...
Determine the total dollar amount for each classification; asset, liability, stockholder's equity. Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in...
M&M/MARS, makers of M& chocolate candies, conducted a national poll in which more than 10 million people indicated their preference for a new color. The tally of this poll resulted in the replacement...
American corn farmers receive billions of dollars in taxpayer subsidies each year. These subsidies allow them to sell their grain at prices below what it costs to produce it, particularly for export...
Is there any difference between prohibiting entry by a group of firms and levying a special tax on those firms?
In Exercises match the function with the table. Y x-x-2 x-1
You are studying the design documentation for an extremely large information system used by your organization. As expected, all entities on the logical data model are in third normal form. But in...
Currently, rotational database technology is probably the most prevalent database technology used in modern information technology shops. But database technology is an evolving field and new...
CASE tools, such as system Architect, are used for database development and support. Search on the Web and in trade journals for some of the popular CASE tools currently in use. a. What CASE tools...
What is a business strategy? Do you agree with the definition proposed? Illustrate your answer with examples.
What is a customer buying at Harrods? At Banana Republic? At Zara?
Skeleton Company completed 155,000 units during the year at a cost of $2,418,000. The beginning finished goods inventory was 15,000 units at $225,000. Determine the cost of goods sold for 160,000...
Sheldon and Leonard had a million-dollar idea. In order to make it happen, they have to do special research first. Only Kripke can help them in this matter. But Kripke is known to be the first-class...
Is it unfair to criticize a competitors product in an ad? Explain your thinking.
How would your local newspaper be affected if local supermarkets switched their weekly advertising and instead used a service that delivered weekly freestanding ads directly to each home?
Explain why P&G and other consumer packaged goods firms are trying to cut back on some types of sales promotion like coupons for consumers and short-term trade promotions such as buy a case and get a...
Discuss with examples about financial innovation& how it develops banking industry?
Elaborate with real world examples about different financial markets that contributed towards growth of financial sector?
The following statement of financial position is for the partnership of Able, Brown, and Crown at November 1, 2018. Assets Liabilities Cash $ 20,000 Accounts payable $ 50,000 Other assets 180,000...

If it is so obvious that farm subsidies hurt consumers, why do such subsidies continue to be

Question:

Step by Step Answer:

The gains of the program are concentrated in the hands of a few who are willing to ...View the full answer

The Economics of Public Issues

Students also viewed these Business questions