An Export Subsidy Has a Similar Effect as a Tariff

question 121

Multiple Choice

An export subsidy has a similar effect as a tariff for a small nation. What is the effect of an export subsidy for a large nation?

• A) Losses are greater for the large nation than for the small nation because of the cost of the subsidy to the home government.
• B) Losses are lower for the large nation than for the small nation.
• C) It is beneficial for the large nation but not for the small nation.
• D) It is beneficial for consumers but harmful for firms in the large nation.

Identify factors that enhance the speed and effectiveness of classical conditioning.

Differentiate between classical and operant conditioning, including their applications and outcomes.

Explain the process and implications of stimulus generalization and discrimination in classical conditioning.

Understand the application of conditioning principles in therapeutic contexts and behavior modification.

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Definitions:

Classical Economists

Early economic theorists, primarily in the 18th and 19th centuries, who focused on the role of free markets in promoting economic growth and believed in minimal government intervention.

Supply-Side Economists

Economists who believe that reducing tax rates and regulatory barriers to production are the best ways to increase economic growth.

Keynesians

Economists and theories following John Maynard Keynes, advocating for government intervention to manage economic cycles and promote full employment.

Economic Behaviorists

Researchers or economists who study the psychological, social, cognitive, and emotional factors influencing the economic decisions of individuals and institutions.