Examlex
Which of the following is NOT a reason why real GDP can be expanded beyond a level consistent with its long-run growth path in modern Keynesian analysis?
Export Subsidy
A governmental financial support for companies exporting products, designed to encourage exports by making them price competitive in global markets.
Dumping
A firm’s or an industry’s sale of products on the world market at prices below its own cost of production.
Natural Comparative Advantage
A situation where a country or region can produce a particular good or service at a lower opportunity cost compared to other countries or regions.
Factor Endowments
Refers to the quantity and quality of resources a country or region has available, such as labor, land, and capital.
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