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Which of the following is a consequence of subsidies?

A. Subsidies make domestic producers vulnerable to foreign competition.

B. Subsidies lead to lowered production.

C. Subsidies protect inefficient domestic producers.

D. Subsidies produce revenue for the government.

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Hubert Koch
Hubert KochLv2
27 May 2020

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Related questions

Which of the following is an example of a normative economic statement?
A) A cut in the tax rate will lead to an increase in consumption.
B) An increase in subsidies to farmers will boost agricultural production.
C) A relaxation in import duties will encourage imports.
D) An increase in social security benefits will increase the welfare of all economic agents.

Ā 
Ā 
Ā 

Which of the following is an example of a normative economic statement?

A) A cut in the tax rate will lead to an increase in consumption.
B) An increase in subsidies to farmers will boost agricultural production.
C) A relaxation in import duties will encourage imports.
D) An increase in social security benefits will increase the welfare of all economic agents.

Economies of scale may arise from all but one of the following, which one is it?

a) spreading the fixed-costs of administration over more customers holds average costs down.

b) doubling promotional expenses to expand sales more than proportionately.

c) government economic subsidies protect firms from competition to avoid losses.

d) having a larger retail space can expand sales more than proportionately.

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