Multiple Choice
The welfare effect of an excise subsidy indicates that:
A) the consumer is better off than without the subsidy.
B) the consumer is indifferent between an excise subsidy and a cash grant.
C) excise subsidies should not be used by the government.
D) government officials know what is better for low-income families than the families themselves.
Correct Answer:
Verified
Correct Answer:
Verified
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