The Government's Subsidized Loan Program Used with Angora Goat Farmers

question 21

Multiple Choice

The government's subsidized loan program used with Angora goat farmers today

• A)has persisted well beyond its original purpose in the 1940s.
• B)is an example of the "special-interest effect."
• C)can be attributed to the principal-agent problem.
• D)is hard to stop because of the "concentrated benefit and diffuse costs" problem.
• E)All of these choices are correct.

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Definitions:

Hereditary Influences

Genetic factors passed down from parents to offspring that impact various aspects of physical and psychological traits.

Passionately Devoted

Refers to showing or characterized by strong enthusiasm or dedication toward a particular cause or activity.

Gender

In psychology, the biologically and socially influenced characteristics by which people define male and female.

Biological

Pertaining to the study of life and living organisms, with a focus on their physical structure, chemical processes, molecular interactions, physiological mechanisms, development, and evolution.