A subsidy:
A. reduces the amount that buyers pay and increases the amount that sellers receive for a good.
B. increases the amount that buyers pay and reduces the amount that sellers receive for a good.
C. reduces both the amount that buyers pay and the amount sellers receive for a good.
D. increases both the amount that buyers pay and the amount sellers receive for a good.
A. reduces the amount that buyers pay and increases the amount that sellers receive for a good.
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Which of the following would be considered consumption?
A. Doris bought a new van for her delivery business. B. Mike was renting an apartment, but has now built a new house. C. Sid works for the Bureau of Motor Vehicles. He just bought a new flat screen TV for people to watch while waiting to be served. D. Tina replaced the old water heater in her house with a new one that is more energy efficient.
Two important considerations during the difference-in-difference approach are
a. Representativeness, Reflectiveness b. Injections, Leakages c. Representativeness, Leakages d. Reflectiveness, Injections
Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be
a. higher. b. lower. c. zero. d. nearly identical.
Fractional reserve banking has three crucial features: bank profitability, bank discretion over the money supply, and bank exposure to runs
a. True b. False Indicate whether the statement is true or false