Export promotion is widely regarding by economists as a positive role for government policy makers to play because it is very effective at promoting economic growth
Indicate whether the statement is true or false
FALSE
Economics
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Implicit costs are
A. always greater in the short run than in the long run. B. composed entirely of variable costs. C. opportunity costs of using owned resources. D. equal to total fixed costs.
Economics
Refer to the table above. If countries were to trade along the lines of absolute advantage
A) A would export X to B. B) B would import Y from A. C) neither country would want to trade. D) More information is needed to determine the pattern.
Economics
What are social costs? How do they differ from private costs?
What will be an ideal response?
Economics
A higher U.S. federal budget deficit may act to raise future U.S. interest payments to foreigners
a. True b. False Indicate whether the statement is true or false
Economics