Export promotion is widely regarding by economists as a positive role for government policy makers to play because it is very effective at promoting economic growth

In an increasing-cost industry, an increase in output will lead to

A) an downward shift in the ATC curve. B) an downward shift in the MC curve. C) a reduction in long-run per-unit costs. D) an increase in long-run per-unit costs.

The components of GDP using the expenditure method are

A. wages and interest. B. consumption expenditures, investment expenditures, government expenditures, and net exports. C. wages, interest, rents, and profits. D. consumption expenditures, investment expenditures, and government expenditures.