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: 9

Answer

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Work Step by Step

There are many pros and cons to these subsidies. The main advantages are that they keep the farms open, maintaining enough food and helping the local economy. However, doing this can harm global economies by driving foreign farms out of business.
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