A subsidy in an industry would result in:
a. an increase in consumer surplus.
b. an increase in producer surplus
c. both (a) and (b).
d. none of the above.
Question 2
A movement up along a short run Phillips Curve to an unemployment rate below the natural rate of unemployment will tend to shift the Phillips Curve up, once expectations adjust; a movement down along a short run Phillips Curve to an unemployment rate above the natural rate of unemployment will tend to shift the Phillips Curve down once expectations adjust.
a. True
b. False
Indicate whether the statement is true or false
An example showing a modification that has occurred as a result of biological evolution
Primary production increases with an increase in total phosphorus concentration.
Variation in climatic conditions result in geographic variation in the distribution of biome types a
Gangrene of the toes and foot as a result of an infection often means eventual amputation.
Greenhouse gases increase in the stratosphere
Production of prototrophs as a result of genetic recombination