The Difference Between a Tax and a Subsidy Is That

question 17

Multiple Choice

The difference between a tax and a subsidy is that when the government places a tax on a good,it ________ the equilibrium price and ________ the equilibrium quantity,whereas when the government places a subsidy on a good,it ________ the equilibrium price and ________ the equilibrium quantity.

• A) increases; decreases; decreases; increases
• B) increases; increases; decreases; decreases
• C) decreases; decreases; increases; increases
• D) decreases; increases; increases; decreases
• E) increases; does not change; does not change; increases

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Definitions:

Conference Board of Canada

An independent research organization that specializes in economic trends, public policy, and organizational performance in Canada.

Workforce Planning

Workforce Planning is the strategic process of ensuring that an organization has the right number of people with the right skills and competencies at the right time.

Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of an organization.

SIHRM

Strategic International Human Resource Management focuses on human resource practices that support international operations and cultural diversity.