Recently economists have added what factor as a major explanation of economic growth?

An export subsidy helps reduce the selling price of a product by allowing individual producers to charge less and still cover all of their production costs

a. True b. False Indicate whether the statement is true or false

If a small country imposes a tariff on imported motorcycles

A. the surplus of both the domestic producers and consumers of motorcycles will decline. B. the surplus of both the domestic producers and consumers of motorcycles will increase. C. the surplus of the domestic producers of motorcycles will increase, but the surplus of the domestic consumers will decline. D. the surplus of the domestic producers of motorcycles will decline, but the surplus of the domestic consumers will increase.