A Private Subsidy on a Good

question 108

Multiple Choice

A private subsidy on a good

• A)is similar to a tax because it decreases the production of the good being subsidized.
• B)increases demand for the good.
• C)punishes those who consume or produce the subsidized good.
• D)has no effect on the quantity of the good produced.
• E)increases production of that good.

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Laws and legal norms passed by a legislative body or the process of creating such laws.

Business Executives

Senior-level managers who direct the business strategies and operations of a company, focusing on achieving its goals and objectives.

Railroad Industry

An industry centered around the transportation of goods and passengers via trains over a network of tracks.

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