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Micro > Subsidies > Flashcards

Subsidies Flashcards

0
Q

Economic effects of subsidy

A

Reduce the production cost
Increase competitiveness
Protection of employment
Prevents bankruptcy

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1
Q

Subsidy

A

A grant given by the government to encourage consumption or production of firms

Increase in supply

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2
Q

Evaluation

A

Opportunity cost
PED and TR
Government failure
Duration of the subsidy

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Micro (9 decks)

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