The cotton farms of Country Q became so productive that the market could not absorb all that they produced. Consequently, cotton prices fell. The government tried to boost cotton prices by offering farmers who took 25 percent of their cotton acreage out of production direct support payments up to a specified maximum per farm.
The government's program, if successful, will not be a net burden on the budget. Which of the following, if true, is the best basis for an explanation of how this could be so?
【选项】The first year that the support-payment program was in effect, cotton acreage in Q was 5% below its level in the base year for the program.
The government's program, if successful, will not be a net burden on the budget. Which of the following, if true, is the best basis for an explanation of how this could be so?
【选项】The first year that the support-payment program was in effect, cotton acreage in Q was 5% below its level in the base year for the program.