Why Have Politicians Always Favored Using Subsidies to Promote Certain

question 92

Multiple Choice

Why have politicians always favored using subsidies to promote certain economic activities?

• A)They can be treated as benefits that can be widely spread in response to many demands.
• B)They are generally cheaper than other forms of government support.
• C)Recipients are always required to pay back the subsidies.
• D)Congress does not have to pass legislation in order to provide subsidies.

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Definitions:

Negotiable Instruments Law

The body of law governing financial instruments that can be transferred from one party to another, such as checks or promissory notes.

Fraudulent Representations

False statements knowingly made to deceive others, often to induce them to part with money or property.

Negotiable Note

A written promise to pay a specified sum of money, which can be transferred to others.

Holder in Due Course

A legal term indicating a person who has acquired a negotiable instrument in good faith for value and without notice of any defects.