A shift in supply means a change in the quantity supplied at _______ price(s).

Governments sometimes subsidize domestic industries. When this occurs

A) the governments will not impose tariffs. B) the subsidized sell less in international markets because it is more profitable to sell at home. C) the subsidized industries have an advantage on international markets relative to non-subsidized firms. For this reason, other countries often impose tariffs on the subsidized imports. D) the subsidized industries have an advantage on international markets relative to nonsubsidized firms. However, this is not an argument for imposing tariffs and tariffs would violate international agreements.

You have just been elected President of the United States, based on your campaign promise to buy everyone a new sport utility vehicle. What are your funding options for this spending program, and what are the implications of each option?