<span>Those farmers in the
developing countries demand reduced subsidies because subsidized agricultural
products from United States lead to an abundance or surplus of global agriculture.
This surplus eventually leads to the prices in developing countries to lower, as
a result of which the developing country farmers have to suffer.</span>
Explanation:
The preference committee members are as follows:
Member 1 prefers a to b and b to c
Member 2 prefers c to a and a to b
Member 3 prefers b to c and c to a
The order of this problem can be solved:
Preference for 1, 2 and 3 are as below:
1. a then b then c
2. c then a then b
3. b then c then
Member 1 knowing advantage , will always disagree with 2 and 3 so that he can win when it comes to vote
So, 2 and 3 in order to win , will have to cooperate with each other.
As we can see that the least suitable option according to Member 2 and Member 3 are b and a respectively. Therefore they would not consider supporting either b or a.
So the possible option of Member 2 and Member 3 supporting will be C.
Therefore both 2 and 3 will agree on C.
The predicted outcome of the game is C.
Your monthly benefit will be lower
The given statement is FALSE.
Explanation:
This is an example of adverse selection.
Adverse selection applies to a case in which the purchasers and distributors of the insurance policy don't have the same details at their fingertips. A typical definition of health insurance is where a person wants to learn if he is ill and in need of health coverage before paying for a health insurance package.
Examples of adverse selection in life insurance involve cases when a person with a high-risk career, such as a racing car driver or someone dealing with weapons, obtains a life insurance policy without the need for an insurance provider realizing that they have a risky position.
