A ________ is a payment or a tax break used as an incentive for an agent to complete an activity
A) tariff
B) subsidy
C) wage
D) rent
B
You might also like to view...
The Federal Reserve Open Market Committee allows representatives of the President and Congress to sit on its meetings
a. True b. False
Assume that a country imposes a tariff in order to gain a price advantage on an item. What is the typical response from the exporting country?
a. It accepts the situation, and does nothing about it. b. It seeks greater efficiency in order to offset the tariff. c. It refuses to sell to the country that imposes the tariff. d. It retaliates by imposing tariffs or quotas on items from the other country.
Which of the following industries would be considered to have a labor intensive production process?
A. Building a road. B. Driving a truck. C. Printing a novel D. Farming in a poor country
If consumers spend 75 cents out of every extra dollar received, the:
A. MPS is 0.75. B. MPC is 0.25. C. Multiplier is 4. D. Multiplier is 7.5.