Spencer and Brander's Model Highlights the Existence of

question 42

Multiple Choice

Spencer and Brander's model highlights the existence of

• A) aircraft industries.
• B) excess returns present in highly competitive markets.
• C) excess returns, or rents, available in non-competitive markets.
• D) the futility of government bureaucrats' attempts to build an airplane.
• E) natural advantages in foreign technology firms.

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Definitions:

Executive Branch

The part of government responsible for implementing, supporting, and enforcing laws, typically headed by the president or prime minister.

Department of Education

A government agency responsible for national policies, programs, and guidelines related to education and improving educational outcomes.

Lobbying

The practice of private advocacy to influence the government.

Advocacy

The act of publicly supporting or recommending a particular cause or policy.