Subsidies

question 37

Multiple Choice

Subsidies

• A) Are like taxes in that they create deadweight loss
• B) Are like taxes in that they reduce sales of the subsidized good
• C) Are likw taxes in that they increase sales of the subsidized good
• D) Are like taxes in that they do not create deadweight loss

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Definitions:

Resocialization

The process by which one's sense of social values, beliefs, and norms are re-engineered, often in a new social environment.

Hidden Curriculum

The unintended lessons, values, and perspectives that students learn in school, which are not part of the formal curriculum.

Performance

Refers to the act of executing a task or the level of efficiency and effectiveness with which an activity is carried out.

Informally

In an unofficial or casual manner, without strict adherence to rules or formalities.