Which of the following would be considered a positive incentive for a farm business?
a. soil remediation costs
b. fertilizer licensing fees
c. agricultural subsidies
d. real estate taxes
c. agricultural subsidies
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When analyzing the impact of government consumption and taxes in an open economy, we assume that:
a. the reasons for changing fiscal policy are not important. b. government deficits are a problem for the domestic and international economy. c. governments always have a balanced budget. d. governments often do not coordinate their tax and spending policies with those of other nations.
The U.S. Internet search market:
A. is best characterized by pure competition. B. is dominated by Google, which controls about 70 percent of the market. C. has a few prominent firms that each possesses a relatively equal market share. D. has no barriers to entry.