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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