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    Governments often intervene in the marketplace to achieve societal objectives. For example, to promote energy conservation and greenhouse gas mitigation, governments have tried... More »

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Animal and Plant Health Inspection Service, United States Last Updated on 2010-12-24 00:00:00 The Animal and Plant Health Inspection Service is a multi-faceted Agency with a broad mission area that includes protecting and promoting U.S. agricultural health, regulating genetically engineered organisms, administering the Animal Welfare Act and carrying out wildlife damage management activities.  These efforts support the overall mission of USDA, which is to protect and promote food, agriculture, natural resources and related issues.   To protect agricultural health, APHIS is on the job 24 hours a day, 7 days a week working to defend America’s animal and plant resources from agricultural pests and diseases.  For example, if the Mediterranean fruit fly and Asian longhorned beetle, two major agricultural pests, were left unchecked, they would result in several billions of dollars in production and marketing losses annually.  Similarly, if... More »
Governmental Policies Last Updated on 2010-12-14 00:00:00 Governments often intervene in the marketplace to achieve societal objectives. For example, to promote energy conservation and greenhouse gas mitigation, governments have tried a variety of policies involving taxes, price floors, permits, and regulations. These policies, because they directly and indirectly influence supply and demand, have broad consequences. For example, several U.S. presidential candidates in 2008 proposed a “tax holiday” to lift U.S. excise taxes on gasoline during the summer in order to provide some relief for the electorate from the burden of high gasoline prices. Governments sometimes also impose a price floor to prop up the price of a particular good or a price ceiling to insure that its price does not exceed a certain level. For example, the U.S. government sets minimum prices for certain agricultural commodities, a policy that almost ensures... More »