Potential output is the level of aggregate output that can be sustained in the long run without

Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost

A) trade imbalances B) comparative advantages C) market failures D) diminishing returns

Which of the following receives government subsides that are in place to protect the population rather than for economic reasons?

a) a national car company in Indonesia b) small farmers in France c) tobacco growers in the United States d) national airlines in Western Europe