Why do you suppose that farmers, rather than economists, receive subsidies from the federal government? If you
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Why do you suppose that farmers, rather than economists, receive subsidies from the federal government? If you are tempted to answer that there are more farmers than economists, ask yourself, what would happen to the number of self-proclaimed economists if the federal government started offering subsidies to economists?
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Subsidies to any activity induce entry into the subsidized activity If entr...View the full answer
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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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