Among the problems associated with subsidizing an industry in the ...

[ec501234]

Among the problems associated with subsidizing an industry in the hope of establishing a worldwide monopoly is that if two nations subsidize firms in the same industry, each could lose money.
 
  Indicate whether the statement is true or false

Question 2

In new growth theory, growth in real GDP per person occurs because
 
  i. human capital grows indefinitely.
  ii. technology advances as a result of choices individuals make.
  iii. profit incentives encourage technological change.
  A) i only B) ii only C) iii only D) both i and iii E) i, ii, and iii

[katheyjon]

Answer to Question 1

TRUE

Answer to Question 2

E

[ec501234]

Thanks for the timely response, appreciate it

[Viet Thy]

Excellent