When a Subsidy Program Allocates Subsidies to a Subset of the Population

question 31

Multiple Choice

When a subsidy program allocates subsidies to a subset of the population, the result is greater demand and higher prices in the market where purchases are subsidized, raising costs for

• A) only those buyers receiving the subsidies.
• B) primarily those buyers receiving the subsidies.
• C) all buyers in that market.
• D) only the taxpayers who pay for the subsidy.

---

Definitions:

Socialization

The process by which people adapt to an organization through learning and accepting the values, norms, and beliefs held by others in the organization.

Needs Assessment

A diagnosis that presents problems and future challenges that can be met through training or development.

Training Program

A structured educational program designed to improve the knowledge, skills, and abilities of employees to better perform specific jobs.

Needs Assessment

A systematic process for determining and addressing needs, or gaps between current conditions and desired conditions or wants.