Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 20 - Agriculture: Economics and Policy - Discussion Questions: 13

Answer

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Work Step by Step

Direct subsidies guarantee that the farmers will receive the money no matter what. This is important for farmers, for because of the risk of a bad crop, they want to have some money guaranteed.
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