If the government legislates policies that block imports of solar panels and gives domestic manufacturers a $5 billion-dollar tax subsidy, the benefits to the U.S. solar panel manufacturing and distribution industry will be very visible. The bearers of the cost of the tax subsidy _____.
a. are easy to identify
b. also fit this pattern of identifiable winners
c. will have their interests counterbalanced over time
d. are more anonymous
d. are more anonymous
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Explain the difference between increasing marginal returns and economies of scale
What will be an ideal response?
During the bureaucratic bargaining process, if the legislature tries to counteroffer by saying it wants less output at a given price, the bureau's can employ the strategy of _____
a. saying no b. telling the legislature that reducing the output would endanger lives c. telling the legislature that at the lower output, the price per unit will be much higher d. making a counter-offer of more output at a lower price
If the price of potatoes is reduced, consumers likely:
a. significantly more potatoes b. significantly fewer potatoes c. roughly the same quantity of potatoes d. an unknown quantity of potatoes; in this situation, consumers' actions cannot be predicted
Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased
a. True b. False Indicate whether the statement is true or false