The figure below shows the national market for mopeds in a small country. Dd and Sd are the domestic demand and supply curves of mopeds respectively.If there is initially free trade, and then a $50 per unit subsidy is given to the domestic producers of mopeds, domestic production will increase by
A. 100,000 units.
B. 1,200,000 units.
C. 700,000 units.
D. 600,000 units.
Answer: A
Economics
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In 2008, real GDP in the United States was $13,312 billion. In 2009, real GDP in the United States was $13,112 billion. What was the U.S. economic growth rate from 2008 to 2009?
A) -1.5 percent B) 1.5 percent C) 0.98 percent D) 0.12 percent E) $200 million
Economics
Institutions that encourage productive activities and discourage counterproductive ones, will tend to promote
a. economic growth. b. rent-seeking c. economic fluctuations d. high rates of unemployment.
Economics