Why can’t the government sell surplus agricultural products it has purchased domestically?
What will be an ideal response?
The government can’t sell the surplus domestically because it would drive the domestic price down. Because the objective of the policy is to support the higher price, the government must either store the surplus or ship it abroad.
Economics
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Consider the country of Inland. In Inland, people's average tax rates decrease with the level of income. Inland has a ________ tax structure
A) progressive B) regressive C) proportional D) flat-rate
Economics
Refer to Table 22-6. Consider the statistics in the table above in describing the developing countries. Are these consistent with the economic growth model? Briefly explain
What will be an ideal response?
Economics