The GDP equation is
A) Y = C - I - G - NX. B) Y = C + I + G + NX.
C) C + I = G + NX. D) C + I = Y + G + NX.
B
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New growth theory states that increases in ________ capital will result in ________ at the ________ level
A) physical; decreasing returns to scale; firm B) knowledge; increasing returns to scale; economy C) knowledge; decreasing returns to scale; economy D) knowledge; increasing returns to scale; firm
By tradition, Japanese employers cannot "lay off" workers. As a result they have goods that they cannot sell on the domestic market without driving down prices. To minimize losses, they sell goods such as steel and televisions in foreign markets at prices well below those in Japan. This is called
a. beggar my neighbor. b. helpfulism. c. strategic trade policy. d. dumping.