Which of the following would be considered a positive incentive for a farm business?
a. soil remediation costs
b. fertilizer licensing fees
c. agricultural subsidies
d. real estate taxes
c. agricultural subsidies
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A compulsory payment to government that is generally linked to engaging in some activity is referred to as a
A) tax. B) subsidy. C) deadweight loss. D) quota.
If the government regulates the market in the above figure in a way to achieve efficiency, then ________ tons of paper will be produced and consumed
A) 0 B) 100 C) 200 D) None of the above answers is correct.
An economic variable that measures something at a particular point in time is called a _____
a. stock variable b. periodic variable c. dummy variable d. flow variable e. constant variable
If output is below the full-employment level of output, we should expect wages to increase over time
a. True b. False