<span>The rising price of gold causes people to buy silver jewelry instead.
substitution effect
</span><span>When the price of chicken increases, families reduce their chicken intake substantially.
income effect
</span><span>A new factory in a village provides livelihoods for the villagers.
positive externiality
</span><span>A new factory in a village causes noise pollution.
negative externiality
</span>
It is important to vote for programs rather than for people.
The bill of rights and the constitution
The asnwer is: <span>The subsidized industries have an advantage on international markets relative to non subsidized industries.
If an industry received a subsidy from the government, the total expense made during the operational period of that industry will be reduced and create more opportunity for growth in that industry.</span>
