Author Question: Among the problems associated with subsidizing an industry in the hope of establishing a worldwide ... (Read 128 times)

ec501234 · **on:** Jun 29, 2018

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