A large enough production subsidy can turn an imported product into an exportable product.
Answer the following statement true (T) or false (F)
True
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Who is hurt and who benefits from inflation? Why?
Which of the following countries had double-digit inflation for most of the years from 2000 to 2010?
a. India b. Iran c. Italy d. Iraq
Why do rent controls cause deadweight losses?
a. fewer apartments are rented than in the competitive market b. more apartments are rented than in the competitive market c. tenants have to pay more than in the competitive market d. landlords can charge more than in the competitive market
Over the years, teachers' salaries in the U.S. have ________ with inflation and ________ relative to the salaries of equally credentialed occupations.
A. decreased; decreased B. decreased; increased C. increased; increased D. increased; decreased