Which of the following is an example of industrial policy?
a. Government imposing a high rate of taxes on the profits of large corporate houses
b. Government spending more on the construction of roads and bridges than on education
c. Government imposing a high rate of taxes on the import of goods and services
d. Government charging lower rate of taxes on the import of goods and services
e. Government selling imported cash crops at a subsidized rate
c
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The optimal size of a project is _____
a. the one that produces the highest net benefits b. the one that has the highest ratio of benefits to costs c. the one where the distance between marginal benefits and marginal costs is greatest d. a and c
A shortage exists
A) in equilibrium. B) when quantity supplied is greater than quantity demanded. C) when quantity supplied is less than quantity demanded. D) at the market clearing price.