[tp widget="default/tpw_default.php"]
 

Tag: Are the farmers willing to lobby the government in support of subsidies

which of the following statements about farm subsidies is false

which of the following statements about farm subsidies is false插图

Are the farmers willing to lobby the government in support of subsidies?

Ten farmers, in a society with 100 people, would collectively gain $100,000 from a farm subsidy. All 100 people would pay the $300,000 cost of the subsidy program. Are the farmers willing to lobby the government in support of the subsidy? A) No, the benefits of $100,000 are less than the cost of $300,000.

How many farmers would gain $100K from a farm subsidy?

Ten farmers, in a society with 100 people, would collectively gain $100,000 from a farm subsidy. All 100 people would pay the $300,000 cost of the subsidy program.

How does the highly inelastic nature of agricultural demand affect agricultural demand?

B. the highly inelastic nature of agricultural demand has caused small year-to-year fluctuations in farm output i=to result in highly unstable farm incomes. C. the supply of farm products has increased relative to the demand for them, and, because of demand is inelastic, farm prices and income have therefore declined.

What has increased relative to the supply of farm products?

D. the demand for farm products has increased relative to their supply, but the elastic nature of agricultural demand has caused these shifts to result in declining farm incomes.

What percentage of farm output is C?

C. averaged about 10 percent of U.S. farm output.

What causes demand to increase by a proportionately larger amount?

C. small increases in income cause demand to increase by a proportionately larger amount.

What does it take to induce a large increase in the amount of agricultural products demanded?

A. it takes a small decline in price to induce a large increase in the amount of agricultural products demanded.

Is B elastic or inelastic?

B. is elastic with respect to income but inelastic with respect to price.

How is uneaten food waste fed into the soil?

Uneaten food waste is fed into an aerobic digestion system, which generates a nutrient-rich liquid that is applied to the soil to grow more food.

How much more food waste ends up in landfills than is composted?

About 11 times more excess food and food waste ends up in a landfill than is composted.

Is all of the listed responses correct?

All of the listed responses are correct.