09-05 Explain How Governments Try to Encourage Production of Goods

question 124

Multiple Choice

09-05 Explain how governments try to encourage production of goods and services;such as education;that carry external benefits.
09-18 Providing Subsidies
The following graph refers to a province's day care market which is in equilibrium:

-Refer to the above graph to answer this question.In an effort to increase the number of daycare spaces,suppose the authorities give parents a subsidy of $150 for each child registered.What will be the new equilibrium fee?

• A)$350.
• B)$450.
• C)$500.
• D)$600.
• E)$650.

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Definitions:

Symbolism

The use of symbols to represent ideas or qualities in literature, art, and other forms of cultural expression.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories of the unconscious mind, mechanisms of repression, and the role of sexual desires.

Id

In Freud’s theory, a term for the most primitive reactions of human personality, consisting of blind striving for immediate biological satisfaction regardless of cost.

Superego

In Freud’s theory, reaction patterns that emerge from within the ego, represent the internalized rules of society, and come to control the ego by punishment with guilt.