Export subsidies are an example of
A. monetary policy.
B. a quantitative limit on foreign exports.
C. a non-tariff barrier (NTB).
D. fiscal policy.
Answer: D
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Which of the following is not an example of a cost externality?
A) the dumping of industrial waste into a lake B) unsightly billboards C) a neighbor that blasts his stereo system D) the building of a new type of jet fighter bomber E) All of the above
Gross national product is defined as the market value of all final goods and services produced in an economy during a year
a. True b. False Indicate whether the statement is true or false
Just like other scientific models, economic models simplify reality using
The average product of capital of producing 2,991 units of output (find point B) in the table below is:Production Function for Good XL*KQMPK=(?Q/?K)APK=(Q/K)LaborCapitalOutputMarginal Product of CapitalAverage Product of Capital900----910575.75.7092032426.716.2093065733.3B9401,07241.526.809501,52445.230.489601,97645.232.939702,39141.534.169802,72433.334.059902,991A33.2391003,0485.730.4891103,016-3.227.4291202,945-7.124.54
A. 73. B. 21.9. C. 37. D. 11.1.