Question

The _____ benefits inefficient farmers and the politicians who rely on the farm vote, but not consumers in the european union, who end up paying more for their foodstuffs. commerce department smoot-hawley act general agreement on tariffs and trade (gatt) common agricultural policy (cap)

Answer 1

Answer;

Common agricultural policy (cap)

Explanation;

• The CAP benefits inefficient farmers and the politicians who rely on the farm vote, but not consumers in the EU, who end up paying more for their foodstuffs.
• The Common Agricultural Policy (CAP) is the EU policy to provide financial support to farmers in member states. CAP was set with objectives, such as; increasing agricultural productivity, ensuring fair standards of living for farmers, stabilizing markets, ensuring reasonable prices for consumer and ensuring the availability of supplies among others.