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ECO 330 Chapter 1, Queson 1 1. In dealing with costs and benefits of a government program or policy, it is quite common to be
ECO 330 Chapter 1, Queson 1 1. In dealing with costs and benefits of a government program or policy, it is quite common to be able to define the economic or dollar costs of such, but the purported benefits of a government program may involve a number of unquanfiable variables. For example, the US Deparmaent of Agriculture has a program called the Conservation Reserve Program KEEP). This program pays farmers to set aside acreage to benefit water quality and wildlife habitat. You may have to do some research on the topic to address the following points. Note that information is readily available at: httpswww.fsa.usda.govfprograms-and-servicesfconservation-programsfindex, as well as other sites. a. How much money was spent on the program in 2015? b. To the best of your ability, define some of the anticipated benets of this program. c. In your estimation, are the benets of the program outweighing the costs? Why or why not
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