Strategic trade policy requires ALL of the following EXCEPT
A) subsidies set before output levels.
B) non-retaliation of the trading partner.
C) credible actions on the part of the subsidizing government.
D) incomplete information on the part of the government.
D
Economics
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A problem for equity contracts is a particular type of ________ called the ________ problem
A) adverse selection; principal-agent B) moral hazard; principal-agent C) adverse selection; free-rider D) moral hazard; free-rider
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