A developing country wants to set up a subsidy system to help its farmers. Which of these subsidies will directly benefit farmers? (2 correct answers) Fertilizer subsidies Guaranteed Price (like the Minimum Support Price in India) Free rations to the poor A universal ration system with an inferior good A cash transfer system for the poor
A developing country wants to set up a subsidy system to help its farmers. Which of these subsidies will directly benefit farmers? (2 correct answers) Fertilizer subsidies Guaranteed Price (like the Minimum Support Price in India) Free rations to the poor A universal ration system with an inferior good A cash transfer system for the poor
Chapter2: Economics: Eight Powerful Ideas
Section: Chapter Questions
Problem 12P
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Question
![A developing country wants to set up a subsidy system to help its farmers. Which of
these subsidies will directly benefit farmers?
(2 correct answers)
Fertilizer subsidies
Guaranteed Price (like the Minimum Support Price in India)
Free rations to the poor
A universal ration system with an inferior good
A cash transfer system for the poor](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6705f218-f3a1-495c-b29c-7956b090b5e3%2Fb1f72824-7838-4eec-91bb-eaf50cec9698%2Fn7l16u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A developing country wants to set up a subsidy system to help its farmers. Which of
these subsidies will directly benefit farmers?
(2 correct answers)
Fertilizer subsidies
Guaranteed Price (like the Minimum Support Price in India)
Free rations to the poor
A universal ration system with an inferior good
A cash transfer system for the poor
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