(Figure: Home's Exporting Industry I) the Graph Shows Information About

question 135

Multiple Choice

(Figure: Home's Exporting Industry I) The graph shows information about a small home exporter. D is home demand and S is home supply. According to the graph, an export subsidy of $50 per unit results in a(n) ________ of government revenue by the amount of ______.

• A) increase; $5,000
• B) increase; $2,500
• C) decrease; $5,000
• D) decrease; $21,000

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Definitions:

Major Decision Making

The process of choosing between significant options or paths, often having considerable impact on an individual's or organization's future.

Direct Control

A management approach that involves explicitly regulating process, decisions, and actions within an organization to ensure compliance and achieve objectives.

Decision Making

The cognitive process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Gathering Information

The process of collecting data or facts from various sources to understand a situation, problem, or topic better.