A ___________is a government payment to an individual, business, or other group to encourage or protect a certain type of economic activity.
Fill in the blank(s) with the appropriate word(s).
Ans: subsidy
You might also like to view...
The table above gives the demand schedule for peas. Which of the following statements CORRECTLY describes the price elasticity of demand?
A) The price elasticity of demand is larger at point A than at point B. B) The price elasticity of demand is larger at point D than at point A. C) The price elasticity of demand is constant because the slope is constant. D) The price elasticity of demand increases moving from point A to point B to point C to point D to point E.
Which of the following is a difference between microeconomics and macroeconomics?
a. Microeconomics focuses on the actions of particular actors within the economy, while macroeconomics looks at the economy as a whole. b. Microeconomics focuses on the division of labor, while macroeconomics focuses on the division of capital. c. Microeconomics focuses on the development of small and medium enterprises, while macroeconomics focuses on the development of large business houses. d. Microeconomics focuses on the development of the nation, while macroeconomics focuses on the economic wellbeing of each household in an economy.
Nancy and Sheila are both loan officers who graduated from the same university with bachelors' degrees in economics, and achieved similar performance reviews. Nancy started working one year before Sheila. If Nancy earns a higher annual salary than Sheila because she has more experience, the employer is
a. rewarding increases in human capital. b. paying efficiency wages. c. practicing discrimination. d. paying a compensating differential.
Refer to the graph below. Which of the following movements would indicate economic growth?
A. From point A to point C
B. From point B to point C
C. From point A to point E
D. From point C to point D