When government pays individuals to purchase pollution-reducing devices, that payment is called a subsidy
Indicate whether the statement is true or false
TRUE
You might also like to view...
Suppose that when a perfectly competitive firm produces 1,000 units of output, its total variable cost is $1,900. If the marginal cost of producing the 1,000th unit is $1.70, and if the market price of each unit of output is $1.70, then the firm should:
A. shut down. B. increase output. C. raise its price. D. continue to produce 1000 units.
The ability to pay principle suggests that: a. traditional exemptions should be removed since they are more frequently used by people with ability to pay more taxes. b. people with different levels of income should be treated in the same manner
c. individuals receiving the benefits should be those who pay for them. d. those with the greatest ability to pay taxes should pay more than those with the least ability to pay taxes.
If a society chooses fiat money as its money form, it
a. must guarantee its convertibility into gold b. must worry about its liquidity c. cannot make use of a banking system d. must worry about controlling its quantity e. must worry about controlling its demand
When the policy rate hits its lower bound and inflation keeps falling, this portion of the aggregate demand curve is
A) downward sloping. B) upward sloping. C) flat. D) undetermined.