Reference no: EM132141762

1. In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized.

What are the benefits of subsidizing these products?

Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

a. higher prices for consumers and producers

b. lower prices for consumers and producers

c. higher prices for consumers and lower prices for producers

d. lower prices for consumers and higher prices for producers

What are the costs?

Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

a. more expensive for taxpayers

b. higher prices for consumers

c. lower prices for producers

d. less agricultural products produced