13958509
Beschreibung
Karteikarten von Jesse McNab, aktualisiert more than 1 year ago
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Erstellt von Jesse McNab
vor mehr als 6 Jahre
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| Frage | Antworten |
| Subsidies | government grant to give the effect of a reduction in production costs |
| Maximum price | a price, usually set by the government, which makes it illegal for firms to sell the product for more than a certain price |
| Minimum price | a price, usually set by the government, which is guaranteed to producers |
| tradeable pollution permits | rights to buy and sell actual or potential pollution in artificially created markets |
| property rights | ownership rights |
| government failure | when government intervention results in a net welfare loss |
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