If a Country Gets Grants That Improve Its Port Facilities

question 6

Multiple Choice

If a country gets grants that improve its port facilities allowed for greater exports, it will impact its economy by

• A)increasing aggregate demand.
• B)decreasing aggregate demand.
• C)increasing aggregate supply.
• D)decreasing aggregate supply.

---

Definitions:

Monopolist

An entity that is the sole provider of a particular good or service in the market, facing no competition.

Average Cost Pricing

A pricing strategy where the price is set based on the average cost of production, including fixed and variable costs, to cover expenses and generate profits.

Open Access Resource

A resource that is not owned by anyone, is free for use by anyone, and typically subject to overuse and degradation.