Which of the Following Arguments Is Not Generally Made to Justify

question 92

Multiple Choice

Which of the following arguments is not generally made to justify farm subsidies?

• A)The "family farm" is an American institution that should be protected and nurtured.
• B)Agribusiness firms need subsidies to achieve economies of scale.
• C)Farmers sell their output in purely competitive markets but must buy inputs from imperfectly competitive firms.
• D)Farmers cannot fully insure themselves against the risks unusual to farming, such as floods, droughts, and pests.

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Definitions:

Aging adults

Individuals entering the later stages of life, typically characterized by physical, cognitive, and social changes.

Retirement

The period in an individual's life when they withdraw from their occupation, work, or career, usually due to age.

Selective optimization

A strategy of maximizing performance in certain areas while compensating for declines or limitations in others.

Compensation

A process that contributes to successful development. When a loss of some kind prevents the use of one means to an end, the individual finds another means.