I think it’s Brazil but I’m not sure
Answer:
The binding price floor will cause a surplus of wheat that farmers will be unable to sell.
Explanation:
The price floor is the lowest price that can be paid for goods, by binding price floor the senator requires by law a price for the goods above the equilibrium. The critics would say that since the wheat is binded price floor and cannot drop below the price stated by the senator, when the government inflate the price for the market the consumers will deny to pay the price stated and by that the consumption of wheat would fall creating a surplus of wheat, since the goods won’t be sold.
1) On the individuals:
Some individuals might get rich, but also sometimes arrested due to corruption.
Other individuals do not receive what they should receive, such as their pension money, if it was stolen by someone else.
2) On the society:
it hinders the development in a society, first by literally stealing tax money and then additionally due to the lack of trust in the officials
The myth that this statement dispels is that:
“Communication is inherently good.”
We have been communicating since we were born in this world.
However not all people are good communicators which makes this myth
dispellable. Just like money, communication can be used to deceive or
intimidate people.
