Refer to the Provided Supply and Demand Graph

question 208

Multiple Choice

Refer to the provided supply and demand graph. S1 and D1 represent the current market supply and demand, respectively. S2 and D2 represent the socially optimal supply and demand. One way that
The government could shift demand to its socially optimal level is to

• A) tax the sellers.
• B) tax the buyers.
• C) subsidize the sellers.
• D) subsidize the buyers.

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Definitions:

Kraiger

A reference to Kurt Kraiger, a psychologist known for his work on training effectiveness and evaluation.

Cognitive Outcomes

The results of intellectual processes, including learning, understanding, and applying knowledge and skills.

Skill-Based Outcomes

The specific skills and abilities that participants are expected to acquire as a result of participating in a training program or educational course.

Affective Outcomes

Results relating to changes in feelings, attitudes, or emotional areas of an individual after undergoing a training or learning process.