A Subsidy

question 112

Multiple Choice

A subsidy:

• A) has the same impact on a market as a tax.
• B) has a larger impact on a market than a tax of the same amount.
• C) has a smaller impact on a market than a tax of the same amount.
• D) is the reverse of a tax.

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Definitions:

Ethics Competency

The ability to recognize ethical issues, make ethical decisions, and incorporate ethical behavior into one's professional practice.

Worker Turnover

The rate at which employees leave a workforce and are replaced by new hires.

Apparel Industry

A sector of the economy that designs, manufactures, and sells clothing, footwear, and accessories.

Production Costs

The total expenses incurred in the process of producing goods or services, including materials, labor, and overhead costs.