Which of the following is a consequence of government subsidies to the farming industry?
A)lower food exports
B)higher food prices
C)lower food prices
D)fewer jobs in agriculture

Question

Quizplus · Accepted Answer

Government subsidies to the farming industry incentivizes farmers to produce more, which can lead to a surplus of food supply. This surplus can lead to higher food prices as the government may purchase surplus crops and store them to maintain price stability, which drives up the cost of food for consumers.

Which of the Following Is a Consequence of Government Subsidies