Asked by Beloved James on May 31, 2024
Verified
Why have politicians always favored using subsidies to promote certain economic activities?
A) They can be treated as benefits that can be widely spread in response to many demands.
B) They are generally cheaper than other forms of government support.
C) Recipients are always required to pay back the subsidies.
D) Congress does not have to pass legislation in order to provide subsidies.
Economic Activities
Economic activities refer to actions that involve the production, distribution, and consumption of goods and services.
Subsidies
Financial support given by the government to businesses, organizations, or individuals, aimed at promoting economic and social policy objectives.
- Discover how government regulations either support or restrain economic operations.
Verified Answer
JM
Jonathon MavecJun 04, 2024
Final Answer :
A
Explanation :
Politicians have favored using subsidies to promote certain economic activities because they can be treated as benefits that can be widely spread in response to many demands. Subsidies can help prop up certain industries or businesses, which can have a positive impact on employment and economic growth. Additionally, subsidies can be seen as a way of providing targeted support to groups that are considered to be in need, such as small businesses or farmers.
Learning Objectives
- Discover how government regulations either support or restrain economic operations.
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