Question

If government land is leased or sold for oil and coal exploration at lower-than-market rates, it is an example of a(n) Group of answer choices earmark. subsidy. tax expenditure. earned income tax credit.

Answer 1

If government land is leased or sold for oil and coal exploration at lower-than-market rates, it is an example of subsidy.

What is subsidy?

A subsidy serves as the direct or indirect payment to individuals or firms from the government.

Therefore, government used subsidy to to achieve greater economic efficiency.

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