According to our concept, a subsidy is an economic contribution provided to promote a particular activity. In this case, the State of Ohio can subsidy a part of the project by giving Sustainable Farms a sum of money to carry on with their activities. This subsidy will ensure that the projec...
A planned economy is an economic system in which decisions related to the allocation of resources, production, investment, and...
What is a subsidy? Provide an example. What is a monophyletic group? Give an example. Why do males compete? Explain the superior and inferior directional terms. What are some examples of each? What strategy will bring sustainable competitive advantage to biotechnology firms (such as Intarcia, Al...
This nudge has the potential to influence behavioral economics, as additional incentives one way or another way dictate the choices that are made. The subsidy is often placed on an opposing item to detract from a specific activity as well. For example, government incentives to upgrade to more e...
What is an industrial trade union? What are the areas of specialization in sociology? What is a tertiary education subsidy? What is tier 1 in education? What is a third level economic activity? What is the difference between secondary and tertiary education?
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Rent seeking is a byproduct of political legislation and government funding. Politicians decide the laws, regulations, and funding allocations that governindustriesand governmentsubsidydistributions. These legislations and actions manifest rent-seeking behaviors by offering economic rent with little or no re...
There is a huge amount of debate as to how much they help – or hurt – the poor in the long run.[/econ]Taxes and Transfers refers to the last point – taking money directly from the rich through taxes, and refunding that money directly to the poor through a subsidy or other ...
How does a subsidy affect consumer and producer surplus? What is optimal consumption? What is scarcity and what does it apply to? What is the relationship between total surplus and economic efficiency? What goods will consumers demand more when their income rises?
The question is asking about "the public good", which is more of a general concept and is vague and ambiguous. In economics there is a such...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a questio...