Historically, What Two Issues Have Motivated Public Policy in Rural

question 7

Multiple Choice

Historically, what two issues have motivated public policy in rural areas?

• A) Poor relief and temporary aid for famines or droughts
• B) Promotion of traditional safety nets for rural populations and migrant workers
• C) Increased political mobilization and education
• D) Disease prevention and hygiene programs
• E) Medical services and infrastructure development

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Definitions:

Input Prices

The prices of the resources (like labor, materials, and capital) used in the production of goods or services.

User Cost

The cost of using a resource, which includes the opportunity cost of not keeping the asset intact or not using it for an alternative purpose.

Rental Rate

Cost per year of renting one unit of capital.

Competitive Market

A competitive market is a market structure characterized by many buyers and sellers, such that no single participant has significant influence over the price of products or services.