The Reason Why Public Subsidization of Industries in Less-Developed Countries

question 88

Multiple Choice

The reason why public subsidization of industries in less-developed countries causes slow economic growth is that:

• A) when companies face no competition, there is no incentive for them to improve their production.
• B) too much of the taxpayer's money is spent in these programs.
• C) consumers tend to develop an aversion for the purchase of subsidized goods and services.
• D) subsidies tend to create too much competition for products.
• E) subsidization creates shortage in the product market.

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Definitions:

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The part of the sleep cycle that involves deep sleep stages, crucial for restorative rest.

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The number of breaths an individual takes per minute, an important vital sign in assessing respiratory function.

Baseline

A reference point or starting condition against which changes or advancements are measured.

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An increase in the size of the tonsils, often due to infection or inflammation.