Subsidies

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=LTFxRlACebk

What is a subsidy? A subsidy is really just a negative or reverse tax. Instead of collecting money in the form of a tax, the government gives money to consumer or producers. In this video, we look at the subsidy wedge and who benefits the most from different subsidies. • Microeconomics Course: https://mru.io/vuz • Next video: https://mru.io/cod • Help us caption translate this video! http://amara.org/v/GCs5/ • 00:00 Intro • 00:34 What is a Subsidy? • 01:31 The Subsidy Wedge • 06:01 No Elasticity = No Entry • 09:43 Example: California Cotton Farmers Water Subsidies

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