One Likely Motivation for Politicians to Pass the 2002 Farm

question 79

Multiple Choice

One likely motivation for politicians to pass the 2002 Farm Security Act was

• A) to improve national security.
• B) to provide price stability for farmers.
• C) votes from constituents who benefit from the Act.
• D) Both b and c are correct.

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Definitions:

Tax

is a compulsory financial charge or some other type of levy imposed on a taxpayer by a government organization in order to fund government spending and various public expenditures.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in price or other economic variable.

Buyer

A person or entity that purchases goods or services from another in exchange for money.

Tax

A non-optional financial assessment or alternate form of contribution demanded from a taxpayer by a governmental administration for the purpose of allocating funds for government usage and various public expenditure needs.