8The justification of the price intervention by the US government in sugar is thatit makes farms more profitableother countries do it tooit increases political lobbyingit improves economic efficiency 7The effect of the government intervention in the sugar market hurtssugar farmers and politiciansconsumers and domestic sugar farmersconsumers and politiciansconsumers, and manufacturers that use sugar as a raw material

Government makes intervention in the market to protect the producers and encourage them to stay on…

Answered: The justification of the price…

The justification of the price intervention by the US government in sugar is that it makes farms more profitable other countries do it too it increases political lobbying

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

8
The justification of the price intervention by the US government in sugar is that
it makes farms more profitable
other countries do it too
it increases political lobbying
it improves economic efficiency

7
The effect of the government intervention in the sugar market hurts
sugar farmers and politicians
consumers and domestic sugar farmers
consumers and politicians
consumers, and manufacturers that use sugar as a raw material

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