Governments can use subsidies ________
A) as a means of increasing government spending
B) when they want to increase taxes
C) to achieve an efficient outcome if there are external costs
D) to achieve an efficient outcome if there are external benefits
D
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Why do many people choose to not read the manuals included with their new computer?
A) They perceive that learning by doing decreases costs faster than learning by reading. B) They perceive that learning by doing is more enjoyable than learning by reading. C) They perceive that learning by reading is not sophisticated. D) They perceive that learning by doing is better than learning by reading.
The abbreviation GATT stands for:
a. General Analysis of Taxes and Transfers. b. General Agreement on Tariffs and Trade. c. Government Agency for Trade and Transportation. d. Government Agency for Treaties and Taxes. e. General Agreement on Terms of Trade.
If Congress instituted an investment tax credit, the demand for loanable funds would shift rightward
a. True b. False Indicate whether the statement is true or false
Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents the total monetary value of all goods and services?
A. Arrow A B. Arrow B C. Arrow C D. Arrow D