Author Question: If a subsidy was imposed on an industry whose production imposed external benefits on others, then ... (Read 73 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
If a subsidy was imposed on an industry whose production imposed external benefits on others, then the goods' consumers of the good would be ____ and the result would be a(n) ____ in efficiency.
 a. better off; increase.
  b. better off; decrease.
  c. worse off; increase.
  d. worse off; decrease.

Question 2

Compared to the no-trade situation, when a country exports a good:
 a. domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
  b. domestic consumers lose, domestic producers gain, and the gains outweigh the losses.
  c. domestic consumers gain, domestic producers lose, and the losses outweigh the gains.
  d. domestic consumers gain, domestic producers lose, an equal amount.



Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

For a complete list of videos, visit our video library