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Where does the money to subsidize market come from

Assignment Help Macroeconomics
Reference no: EM133398761

Questions

1. What activities could the prospective farmer add to his letter to the Ag Secretary? List two.

2. Where does the money to subsidize a market come from?

A. From taxpayers.

B. From the government.

C. From goodwill.

D. From externalities.

3. How many prices result from a tax? What are they called?

A. Two: the price a buyer pays, and the price a seller gets.

B. One: the tax price.

C. Two: the deadweight loss and the tax revenue.

D. Three: the equilibrium price the high price and the low price.

4. ----------------- are rules and norms that generate that influence the opportunity costs of different actions that we observe in human------------------- .

5. Using powerpoint, draw a supply and demand graph.

Show what happens in the market for boats when consumer income increases.

You will need to show the original supply and demand curves, which curve shifts, the old and new equilibrium, and the change in price and quantity.

Reference no: EM133398761

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