Question: Under Public Law 480, the United States sells surplus grains to developing countries, which pay in local currencies. Since the United States rarely spends all

Under Public Law 480, the United States sells surplus grains to developing countries, which pay in local currencies. Since the United States rarely spends all of these currencies, much of this grain transfer is de facto an outright gift. Is this an equitable and efficient way for the United States to dispose of surplus grain? Why or why not?

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