GLOBE

Jeopardy Answers - Chapter 95-1


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DIRECTIONS: As in the popular TV game show, you are given an answer to a question and you must respond with the question. For example, if the answer is, "a tax on imports", then the correct question is, "What is a tariff?"
  1. a payment made by a government to a firm for each unit of a good the firm produces.
  2. a payment received by a government for each unit of a good purchased by consumers.
  3. a policy that involves a government rebate to consumers of a particular good.
  4. of exports or imports, the one likely to be increased as a result of a domestic production subsidy on that product.
  5. of exports or imports, the one likely to be increased as a result of a domestic consumption tax on that product.
  6. of exports or imports, the one likely to be reduced as a result of a domestic production tax.
  7. the effect on the price consumers pay for a good when the government offers a domestic production subsidy in a freely trading economy .
  8. the effect on the price consumers pay for a good when the government sets a domestic consumption tax in a freely trading economy .
  9. the effect on the price consumers pay for a good when the government sets a domestic production tax in a freely trading economy .
  10. the import policy equivalent to a combined domestic production subsidy and consumption tax applied on the same good at the same level .


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Last Updated on 7/4/00