What is an export subsidy? Discuss some of the recent examples where such subsidies were controversial
An export subsidy is a government payment to an exporter. By reducing the exporter's costs, such subsidies permit exporters to lower their selling prices and compete more effectively in world trade. Overt export subsidies are minor in the United States. But some foreign governments use them extensively to assist their domestic industries?a practice that provokes bitter complaints from American manufacturers about "unfair competition." For example, years of heavy government subsidies helped the European Airbus consortium take a sizable share of the world commercial aircraft market away from U.S. manufacturers like Boeing and McDonnell-Douglas?a trend that has lately reversed.
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There seems to be a correlation between the neighborhood in which people grow up and their economic prospects
Indicate whether the statement is true or false
In the short run, a monopolist: a. always suffers an economic loss
b. always earns an economic profit. c. always earns a normal rate of return. d. may make an economic loss, an economic profit, or zero economic profits.
Which list ranks assets from most to least liquid?
a. money, bonds, cars, houses b. money, cars, houses, bonds c. bonds, money, cars, houses d. bonds, cars, money, houses
When equilibrium GDP is below potential GDP, jobs are plentiful and unemployment is low.
Answer the following statement true (T) or false (F)