WTO rules allow subsides
A) when there are external economies.
B) of "precompetitive" activities such as research.
C) when there are internal economies.
D) when there are positive externalities in production.
B
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In the short-run Keynesian model, if the mpc equals 0.8, then to decrease aggregate spending by $30 billion at any output level, government spending must be decreased by ________ or net taxes must be increased by ________.
A. more than $30 billion; more than $30 billion B. $30 billion; $30 billion C. $30 billion; more than $30 billion D. less than $30 billion; less than $30 billion
The amount by which an aggregate expenditures schedule must shift upward to achieve the full-employment real GDP is a(n)
A. recessionary expenditure gap. B. negative net export gap. C. expenditure multiplier gap. D. inflationary expenditure gap.
China exports more services than India
Indicate whether the statement is true or false
If marginal physical product of labor is declining, then average physical product must also be declining
a. True b. False Indicate whether the statement is true or false