A Subsidy in an Industry Would Be Likely to Increase

question 54

True/False

A subsidy in an industry would be likely to increase the consumer surplus for buyers in that industry and increase the producer surplus for sellers in that industry.

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Definitions:

Ciliates

A group of protozoans characterized by the presence of hair-like organelles called cilia for movement and feeding.

Radiolarians

Those actinopods that secrete elaborate shells of silica (glass).

Axopods

Long, filamentous, cytoplasmic projections characteristic of actinopods.

Silica Shells

Rigid, protective, outer coverings made of silica found in certain algae and microscopic aquatic organisms, such as diatoms.