Consider a Market in Which There Is an External Benefit

question 207

Multiple Choice

Consider a market in which there is an external benefit. A private subsidy paid to producers can be used to arrive at the efficient market equilibrium because the subsidy will

• A) increase the quantity produced.
• B) decrease the supply of the good.
• C) increase the price demanders pay.
• D) decrease demand.

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Definitions:

Brazil

A country in South America, characterized by its large geography, diverse culture, and significant role in the global market.

Cultural Dimensions

Conceptual frameworks for understanding the varied attitudes, values, behaviors, and communication styles across different cultures.

Hofstede

Refers to Geert Hofstede, a Dutch social psychologist known for his research on cross-cultural groups and organizations, especially his cultural dimensions theory.

Underlying Values

Fundamental beliefs or ideals shared across a culture or society that influence behaviors and decision-making.