Do you agree with each of the following statements? Explain why or why not.a. The problem with U.S. agriculture is that there are too many farmers. That is not the fault of farmers but the fault of government programs.b. The Federal government ought to buy up all U.S. farm surpluses and give them away to developing nations.c. All industries would like government price supports if they could get them; agriculture obtained price supports only because of its strong political clout.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Supply: Applications And Extensions
Section: Chapter Questions
Problem 10CQ
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Do you agree with each of the following statements? Explain why or why not.
a. The problem with U.S. agriculture is that there are too many farmers. That is not the fault of farmers but the fault of government programs.
b. The Federal government ought to buy up all U.S. farm surpluses and give them away to developing nations.
c. All industries would like government price supports if they could get them; agriculture obtained price supports only because of its strong political clout.

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