Which of the following strategies will a government adopt to increase the production of a good?
a. An excise tax on producers
b. An excise tax on consumers
c. A subsidy to buyers
d. A capital gains tax on producers
c
Economics
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The total willingness to pay for a given number of units of a good or service is determined by multiplying the equilibrium price of the good by the number of units purchased
Indicate whether the statement is true or false
Economics
If the world price of coffee is higher than Colombia's domestic price of coffee without trade, then Colombia
a. should import coffee. b. has a comparative advantage in coffee and should export coffee. c. should produce just enough coffee to satisfy domestic demand. d. should produce no coffee domestically.
Economics