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Chako Chako
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Posts: 2948
8 years ago
Spencer and Brander's model highlights the conventional assumption that
A) government subsidies can produce profits that exceed the subsidy's value.
B) government involvement in business or in the economy tends to fail.
C) government subsidies tend to waste taxpayer's money.
D) government tends to distort when it displaces Adam Smith's Invisible Hand.
E) government subsidies cannot create a successfully competing export.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 184 times
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machukianmachukian
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Top Poster
Posts: 2946
8 years ago
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Chako Author
wrote...
8 years ago
Correct!
wrote...
7 years ago
Good luck
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