An oligopoly that has two dominant strategies is called a duopoly

Differences in resource endowments are differences in

a. tariffs charged by each country b. consumption patterns across nations c. production patterns across nations d. the quantity, but not the quality, of resources available in different nations e. the quality and quantity of resources available in different nations

Government spending that shifts income from one group of society to another, such as price subsidies and cash payments, is known as

a. merit goods spending b. debt servicing c. transfer payments d. countercyclical payments e. social spending