Which of the Following Is Least Likely to Be the Case

question 122

Multiple Choice

Which of the following is least likely to be the case?

• A)Food stamps encourage the production of more food.
• B)Housing subsidies encourage the production of additional housing.
• C)Medicare changes the mix of output away from medical services.
• D)Student loans change the mix of output in favor of educational services.

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Definitions:

Trade Agreement

An agreement between two or more nations regarding the conditions of trade between them, often involving tariff reductions or other trade barriers.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Interconnected

Entities or systems that are linked together in a way that they affect or influence each other.

Global Marketing Strategy

A marketing approach that considers global operational differences, similarities, and opportunities in planning marketing activities.