Countries like the United States use ________ to offset foreign export subsidies
A) quotas
B) the escape clause
C) countervailing duties
D) government procurement
C
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Who decides whether a movie is going to be a blockbuster? How do you think the creation of a blockbuster movie influences what, how, and for whom goods and services are produced?
What will be an ideal response?
In April, market analysts predict that the price of titanium will fall in May. What happens in the titanium market in April, holding everything else constant?
A) The quantity demanded and the quantity supplied increase. B) The supply curve shifts to the right. C) The supply curve shifts to the left. D) The demand curve shifts to the right.
The supply curve for housing in the very short run is likely to be
A) very elastic. B) very inelastic. C) unit-elastic elastic. D) perfectly elastic.
Gross domestic product represents the money value of all final goods and services produced in the domestic economy within the year.
Answer the following statement true (T) or false (F)