Lindahl pricing is not necessary for economic efficiency
a. True b. False
b
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A subsidy is
A) the revenue received from the government to produce a good or service by a public authority. B) a voucher received by the government from producers of goods and services. C) a payment that the government makes to private producers of goods and services. D) a tax imposed on the producers of certain goods or services. E) a tax imposed on the consumers of certain goods or services.
An increase in exports of goods or services with no change in imports of goods or services
A) decreases GDP. B) increases GDP. C) may increase or decrease GDP depending on whether it is the export of goods or the export of services that increased. D) has no effect on GDP.
If net exports increases, but neither government expenditure nor net taxes change, saving must increase
Indicate whether the statement is true or false
Higher isocost lines correspond to higher
A) profits. B) sales revenue. C) input prices. D) total costs of production.