A measure of GDP in which quantities produced are valued at the prices of a fixed base year is called:

What is an "export subsidy"?

a. a payment by one government to another for exports b. a payment (or other benefit) to domestic firms by their government to help them sell exports more cheaply c. the rule that says all exports must be taxed before they leave the port d. a provision that exporters must get their payments indirectly through a third party

In an unregulated competitive market, the presence of marginal external benefit from a good or service results in overproduction

Indicate whether the statement is true or false