In the United States, Domestic Taxpayers Bear the Cost of Export

question 15

True/False

In the United States, domestic taxpayers bear the cost of export credit insurance and export financing provided by institutions like the FCIA and Eximbank to foreign buyers in order to create employment and maintain a technological edge.

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Definitions:

Utility Increases

A situation where the satisfaction or benefit derived from consuming goods or services rises.

Diminishing Marginal Utility

The principle that as more of a good or service is consumed, the additional satisfaction or utility gained from consuming an additional unit decreases.

Sodas

Carbonated beverages, often sweetened and flavored, forming part of the non-alcoholic drinks market.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.