Government Purchase Programs in Agriculture Tend to Be Politically More

question 64

True/False

Government purchase programs in agriculture tend to be politically more palatable than direct cash transfers, even though they induce more deadweight loss.

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Definitions:

Consumer Binge

A period characterized by excessive spending and consumption by consumers.

Bank Credit Cards

Financial instruments issued by banks that allow holders to borrow funds up to a predetermined limit for purchases or cash withdrawals.

Durable Goods

Goods that are designed to last and be used over a long period, such as vehicles, appliances, and furniture.

Nondurable Goods

Goods that are consumed or are only usable for a short period of time before they are depleted or become useless.