The Actual Benefit of a Government Subsidy Is Determined Primarily

question 134

Multiple Choice

The actual benefit of a government subsidy is determined primarily by

• A) the elasticities of demand and supply.
• B) the legal (or statutory) assignment of the subsidy
• C) the number of exchanges that are made possible as a result of the subsidy.
• D) whether the subsidy is paid by cash or check.

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Definitions:

Baby-Boomer

A person born during the demographic post-World War II baby boom, typically identified as someone born between 1946 and 1964.

Differentiation

The process of distinguishing a product, service, or business in the market by developing unique features, benefits, or capabilities.

Communication

The process by which information is exchanged between individuals through a common system of symbols, signs, or behavior.

Yielding Conflict

A conflict resolution strategy where one party gives in to the demands or viewpoints of another to resolve the disagreement.