A government subsidy to the producers of a product:
A. reduces product supply.
B. increases product supply.
C. reduces product demand.
D. increases product demand.
Answer: B
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Which is the most popular tool of the Fed used to control the stock of money?
A) Manipulating reserve requirements. B) Buying and selling government bonds. C) Manipulating the discount rate. D) Issuing new U.S. Treasury bonds.
In economics we say the amount of land is
A. fixed. B. variable. C. both fixed and variable. D. neither fixed nor variable.
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: Between 1930 and 1935, millions of U.S. farm families lost their farms, and less output was produced by the remaining farms. (See Figure 8.6.)
A. A. B. B. C. C. D. D.
Relating to the Economics in Practice on page 338: A number of agencies in the federal government, including the EPA, use the social cost of carbon as their internal carbon fee. In 2015, this price they were paying was ________ per ton of carbon.
A. $18 B. $39 C. $62 D. $100