A subsidy is defined as
a. a payment that must be made to the government whenever a good or service is sold.
b. the number of trades that are eliminated from a market when a tax is imposed.
c. the difference between total revenue and total cost for a business firm.
d. a payment to either the buyer or seller of a good or service, usually on a per-unit basis, when a good or service is purchased.
D
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The rate of interest that a bank states as its interest rate is the real rate of interest
Indicate whether the statement is true or false
If marginal cost is rising, then average cost must be rising
a. True b. False Indicate whether the statement is true or false
Commitment devices are necessary when:
A. following through on a threat or promise is not in a player's best interest. B. people cannot correctly identify their dominant strategy. C. players cannot trust that other players will avoid playing a dominated strategy. D. commitments cannot be purchased.
The achievement of full employment is a sufficient condition for the achievement of economic growth. Evaluate
Please provide the best answer for the statement.