Author Question: Which of the following is an example of industrial policy? a. Government imposing a high rate of ... (Read 21 times)

Arii_bell · **on:** Jun 30, 2018

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

Question 2

Imperfect knowledge about a product can cause:
a. excessive resources devoted to producing a product.
b. consumers paying too high a price for a product.
c. overconsumption of a product.
d. all of the above answers are true.
e. none of the above answers a.-c. are true.