The Difference Between a Tax and a Subsidy Is That

question 17

Multiple Choice

The difference between a tax and a subsidy is that when the government places a tax on a good,it ________ the equilibrium price and ________ the equilibrium quantity,whereas when the government places a subsidy on a good,it ________ the equilibrium price and ________ the equilibrium quantity.

• A) increases; decreases; decreases; increases
• B) increases; increases; decreases; decreases
• C) decreases; decreases; increases; increases
• D) decreases; increases; increases; decreases
• E) increases; does not change; does not change; increases

Understand the evolutionary basis for human emotions like jealousy and promiscuity.

Evaluate the criticisms and limitations of evolutionary psychology.

Apply evolutionary psychology to understand relationship dynamics.

Understand how evolutionary psychology explanations can be applied to real-life situations.

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Definitions:

Rate Of Return

A financial ratio used to calculate the gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Useful Life

The estimated duration an asset is expected to be functional and economically useful for its intended purpose.

Residual Value

The anticipated worth of an asset at the conclusion of its lifespan, once depreciation has been accounted for.

Useful Life

The estimated period over which a fixed asset is expected to be useful for the purpose it was acquired by a company.