When beneficiaries have to own something, such as farm land or a license, in order to obtain a subsidy,
Answer: The price of the item required for receipt of the subsidy will be bid up to capture the value of the subsidy.
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The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the inverse demand function for coal miners?
A. W = 0.02Q - 500 B. W = 0.02Q + 500 C. W = 25,000 - 50Q D. W = 200Q + 50,000
The short-run Phillips curve is based on expected interest rate
Indicate whether the statement is true or false
The unemployment rate is the:
A. number of workers in the labor force. B. number of workers unemployed. C. percentage of the labor force that is out of work. D. percentage of the population that is out of work.
Planned investment is to expected expansion as unplanned investment is to ______.
a. most business cycles b. marginal propensity to save c. unforeseen recession d. rising inventories