Governments Continue to Provide Public Support to Some Farmers,even in the Absence

question 9

Multiple Choice

Governments continue to provide public support to some farmers,even in the absence of market failures.Choose the best explanation for this practice according to public choice theory.

• A)The marginal social cost of providing support is equal to the marginal social benefit.
• B)Government support goes to consumers in the form of price controls,which balances the support given to farmers.
• C)All consumers are willing to pay higher prices in order to provide financial support to some farmers.
• D)Vote-maximizing governments are not rational in their response to powerful lobbying.
• E)The benefits of the support are concentrated among a small and vocal group of farmers and the costs are widely dispersed among millions of consumers.

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Definitions:

Guilt

A cognitive or emotional experience that occurs when a person believes or realizes—accurately or not—that they have compromised their own standards of conduct or violated a moral standard.

Acute Stress Disorder

A psychological condition that occurs in response to a traumatic event, characterized by a range of symptoms including anxiety, detachment, and other dissociative symptoms.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by symptoms such as flashbacks, nightmares, and severe anxiety.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental health conditions and criteria for diagnoses.