If the government provides a subsidy in one industry and raises the tax revenue by taxing another industry, would, other things equal, cause welfare costs in both industries
a. True
b. False
Indicate whether the statement is true or false
True
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The table above gives data for the nation of Syldavia. The capital and financial account has a
A) balance of $380 billion. B) $40 billion deficit. C) $50 billion deficit. D) $30 billion deficit. E) $40 billion surplus.
In the short run, firms increase output
A) only by increasing the size of their plant. B) only by decreasing the size of their plant. C) only by increasing the amount of labor used. D) only by decreasing the amount of labor used. E) either increasing the amount of labor used or increasing the size of their plant.
Developing countries have not benefited as much as expected from their higher education programs because of
(a) lack of program focus on the needs of the country. (b) increasing returns to scale in each individual's education. (c) graduates get jobs in the private sector. (d) all of the above.
An increase in the price of plastic raises the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):
a. surplus of DVDs. b. increase in the demand for DVDs. c. leftward shift in the demand curve for DVDs. d. leftward shift in the supply curve for DVDs.