--%>
Assignment Help - homework help

Effect of price supports or acreage restriction programs

Assume the government wants to raise farmers' incomes. Why do price supports or acreage restriction programs cost society more than simply giving farmer's money?
Price supports & acreage limitations cost society more than the dollar cost of these programs since the higher price that results in either case will decrease quantity demanded and therefore consumer surplus, leading to a deadweight loss since the farmer is not able to capture the lost surplus. Giving the farmers money does not result in any deadweight loss, but is just a redistribution of surplus from one group to the other.

   Related Questions in Biology

  • Q : Menstruating problem A 14-year old

    A 14-year old woman attends with her mother as she has not started menstruating. Outline your primary assessment?

    		•
  • Q : Discrimination-Barriers to Diversity-

    Barring an individual from membership of an organization or from a job because of his or her membership of a particular group. An example of unfair discrimination is the company that only interviews men for a position that requires a lot of travel.  

    		•
  • Q : The 5 Traits Models of Personality -

    The big five traits have been found to be related to job performance. The descriptive characteristics of these traits have been summarized as follows: 1) Extroversion reflects a person's comfort level with relationships. Extroverts are sociable, talkative, assertive, and open to establish

    		•
  • Q : Informal | Grapevine Communication -

    This is also known as the grapevine, is not a planned or deliberately created channel of communication. It is free from all formalities. No formal organizational chart is followed to convey messages. It is based on the informal relations of the two persons, the sender and the receiver of communic

    		•
  • Q : Classification of the fishes State two

    State two main classes into which the fishes are divided?

    		•
  • Q : Main human degenerative disease Write

    Write down the main human degenerative diseases?

    		•
  • Q : Probability Analysis-Risk Analysis

    Probability Analysis: Many kinds of probability analysis: A) FMEA, just presented, is one: the “likelihood” of a risk event happening is its “probability” of occurr

    		•
  • Q : Examples of human diseases caused by

    State some examples of human diseases caused by the bacteria?

    		•
  • Q : Types of circulatory systems Specify

    Specify the two types of circulatory systems?

    		•
  • Q : Need | Motives Arousal - Motivation-

    Most of an individual's specific needs are dormant much of the time. The arousal of any particular set of needs at a specific point in time may be caused by internal stimuli found in the individual's physiological condition, emotional or cognitive processes, or by stimuli in the outside environme

    		•