The introduction of a subsidy in a perfectly competitive marketplace that is originally in equilibrium will raise total surplus.
Answer the following statement true (T) or false (F)
False
You might also like to view...
In an unregulated market, healthcare consumers often
A) overestimate its benefit. B) cannot afford the care they need. C) overestimate their future need. D) All of the above are correct.
The marginal propensity to save is
a. the change in saving divided by the change in income. b. the change in income divided by the change in saving. c. saving divided by income. d. income divided by saving. e. saving divided by consumption.
Price leadership represents a situation where monopolistic firms:
A. Reduce their reliance on non price competition B. Form a cartel C. Face a kinked demand curve D. Tacitly collude
A common argument in favor of restricting international trade in good x is based on the premise that
a. international trade reduces total surplus in countries that export good x. b. international trade reduces total surplus in countries that import good x. c. international trade is desirable only when countries with different domestic supplies of natural resources play by different rules when trading with one another. d. trade restrictions can be useful when one country bargains with its trading partners.