In the above table, the efficient level of output can be achieved through a per unit subsidy of

If price is cut and demand is elastic, total revenue will rise because

A) the change in quantity demanded is greater than the percent change in price. B) the percent change in quantity demanded is greater than the change in price. C) the percent change in quantity demanded is greater than the percent change in price. D) customers can't find substitutes.

Which of the following is an argument in favor of outward-oriented strategy?

a. It leads to a fall in government deficit spending. b. It leads to a fall in domestic prices of imported goods. c. It helps the economy to grow more rapidly by encouraging exports. d. It leads to an increase in the price of exported goods in the foreign markets. e. It leads to an increase in the supply of goods and services in the domestic market.