An Export Subsidy Should Have the Opposite Effect of

question 27

Multiple Choice

An export subsidy should have the opposite effect of

• A) A government budget deficit.
• B) Capital flight.
• C) An increase in private saving.
• D) A tariff.

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Definitions:

Cultural Changes

Transformations in the societal norms, values, customs, and arts of a community or society over time.

Enlightenment Ideas

Intellectual movements of the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditionally held truths, influencing modern political and social thought.

Scientific Revolution

A period from the 16th to the 18th century marked by major changes in thought and belief, primarily in Europe, where traditional scientific beliefs were questioned and new concepts in physics, astronomy, biology, and chemistry emerged.

University of Padua

One of the world's oldest academic institutions, located in Padua, Italy, known for its significant contributions to education and research.