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Linda_us, Finance, Accounts & Homework Tutor
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11.When critics of U.S. farm policy say that it treats symptoms

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11.When critics of U.S. farm policy say that it treats symptoms rather than causes, they mean that the:
policy attempts to bolster low farm income, while the real problem is an overallocation of resources to agriculture.
policy deals with the overallocation of resources to agriculture, while the basic farm problem is low incomes.
policy attempts to bolster low farm incomes, while the real problem is an underallocation of resources to agriculture.
restriction of output in the short run may reduce productive capacity in agriculture in the long run.

12.Which of the following argument is not generally made to justify farm subsidies?
The "family farm" is an American institution that should be protected and nurtured.
Agribusiness firms need subsidies to achieve economies of scale.
Farmers sell their output in purely competitive markets, but must buy inputs from imperfectly competitive firms.
Farmers cannot fully insure themselves against the risks unusual to farming, such as floods, droughts, and pests.

13.Each farm worker currently produces enough food and fiber to support about:
106 persons.
60 persons.
24 persons.
13 persons.

14.What percentage of their spending do U.S. consumers allocate to food purchases?
1 percent
7 percent
11 percent
14 percent

15.Farm programs such as those of the United States and the European Union:
encourage the United States and the European Union to use tariffs and quotas to restrict agricultural imports.
cause United States and European Union farmers to produce less than domestic consumers want to purchase.
increase world market prices for agricultural products.
raise farm output in developing nations.
Submitted: 5 years ago.
Category: Homework
Expert:  Linda_us replied 5 years ago.

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