A Job Creation through Entrepreneurship Act, debated in the House of Representatives in 2009, would award grants to small business owners, some of which would be aimed at women, Native Americans, and veter-ans

The Act would provide $189 million in 2010 and $531 million between 2010 and 2014 . Explain how you would expect this Act to influence what, how, and for whom goods and services are produced in the United States.

The answer to the what question would change because more of the goods and services produced by the groups receiving the grants—small business owners, particularly women, Native Americans, and veterans—would be produced. If these groups of producers produced their goods and services using different technologies than the rest of the producers, then the question of how goods and services would change. For whom goods and services are produced would change because the producers receiving the subsidies would have larger profits and therefore be able to buy more of the goods and services produced.

Economics

You might also like to view...

When a U.S. company shifts some of its production to Mexico, it is engaging in

A) involuntary exchange. B) outsourcing. C) insourcing. D) self-sufficiency.

Economics

The larger the fraction of an investment financed by borrowing

A) the greater the potential return and the smaller the potential loss on that investment. B) the smaller the potential return and potential loss on that investment. C) the greater the potential return and potential loss on that investment. D) the smaller the potential return and the greater the potential loss on that investment.

Economics