Author Question: A government payment to producers for the difference between a target price and the price at which ... (Read 35 times)

aabwk4 · **on:** Jun 30, 2018

A government payment to producers for the difference between a target price and the price at which producers were able to sell their goods is known as a:
a. subsidy.
b. deficiency payment.
c. producer surplus.
d. price support.

Question 2

Rules advocates believe that the central bank should change interest rates in an attempt to fine tune the economy.
a. True
b. False
Indicate whether the statement is true or false