One disadvantage of government subsidies over price controls is that subsidies
a. prevent the attainment of equilibrium in the markets in which they are imposed.
b. make higher taxes necessary.
c. are always unfair to those with low incomes.
d. cause unemployment.
b
Economics
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In the figure above, U.S. producers' ________ from the tariff is ________
A) loss; $32 million B) loss; $64 million C) gain; $80 million D) gain; $128 million
Economics
A firm setting a two-part tariff with only one customer should set the entry fee equal to
A) marginal cost. B) consumer surplus. C) marginal revenue. D) price.
Economics