When a Country Provides a Home Producer a Subsidy, It

question 139

Multiple Choice

When a country provides a home producer a subsidy, it:

• A)causes the consumer surplus to decline.
• B)causes the producer surplus to decline.
• C)causes government cost to decline.
• D)causes no change in the consumer surplus.

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Definitions:

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A class of drugs, including both prescription pain relievers and illegal substances, that act on the nervous system to produce pain-relieving effects.

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A chronic or progressive brain disorder that affects memory, thinking, behavior, and the ability to perform everyday tasks.

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The ability or process of feeling physical discomfort or suffering caused by illness or injury.

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Pain originating from the internal organs, often described as deep, pressure-like, dull, or difficult to localize.