Does a Subsidy to Buyers Affect the Demand Curve

question 160

Multiple Choice

Does a subsidy to buyers affect the demand curve?

• A) Yes; the demand curve shifts up by the amount of the subsidy.
• B) Yes; the demand curve shifts to the right by the amount of the subsidy.
• C) No; the demand curve does not move, as quantity demanded increases instead.
• D) No; the demand curve does not move, as quantity demanded decreases instead.

Identify factors that can cause shifts in the production possibilities frontier (PPF).

Distinguish between efficient, inefficient, and unattainable points on the production possibilities frontier.

Explain the concept of opportunity cost in decision-making.

Understand how employment levels relate to economic production and efficiency.

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Definitions:

Female Psychologist

Refers to a psychologist who identifies as female and may contribute to the field with perspectives and research focusing on gender, among other areas of psychology.

Doctorate

The highest academic degree awarded by universities, typically after completion of extensive research in a specific field of study.

Mary Whiton Calkins

An early American psychologist who was the first female president of the American Psychological Association.

Margaret Floy Washburn

An early 20th-century psychologist known for being the first woman to earn a PhD in psychology and for her work in animal behavior and motor theory development.