Question

Respond to the questions on the next page-with proper application of economic-theoryin a- minimum of three solid-paragraphs per question and-your answers toall of the questions in total should include a minimum-of1,500-words 1-»The most common -example-ofamarket with perfectcompetition is agriculture. How- could-farm subsidiesdistort a model of perfect competition? Explain.I 2-*American-corn farmers receive billions of dollarsin-taxpayer subsidies each-year. These subsidies allow them to sell their grain at prices below what it costs to produce it, partilarly for export-markets. How-do-U.S. com-subsidies hurt Mexican farmers?1 3 Summarize the arguments both in favorof and agamst eliminating-fam subsidies. After your evaluation, where do -you-stand-on this issue-and why?l

Answer 1

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