Contradictions in u.s. farm policy-public choice theory

Question

Question 1) Explain both long run and short run farm problems.

Question 2) Mention four causes of short run farm problem.

Question 3) Write down four causes of the long run farm problem.

Question 4) Describe the rationale for past government farm policies.

Question 5) Define and describe the importance of parity.

Question 6) Describe price supports verbally and graphically.

Question 7) Write the seven effects of price supports.

Question 8) Explain two government policies used to limit surpluses.

Question 9) Write down four criticisms of the past U.S. farm policy.

Question 10) Use public choice theory to explain the contradictions in U.S. farm policy.

Question 11) Describe how politics of the farm-subsidy program has changed.

Question 12) Explain the world trade impact of current farm programs in the European Union and the U.S.

Question 13) Write down the goals of Freedom to Farm Act.