It is difficult for economists to make observations and develop theories, but it is easy for economists to run experiments to generate data to test their theories

The gains from trade rely on overall productivity (absolute advantage)

Indicate whether the statement is true or false

Export subsidies are:

A. maximum limits on the quantity or total value of specific products imported to a nation. B. excise taxes or duties placed on imported products. C. licensing requirements, unreasonable quality standards, and the like designed to impede imports. D. government payments to domestic producers to enable them to charge lower prices and sell more goods in world markets.