It is argued that high-tech industries typically generate new technologies but cannot full
A、tax the high-tech firms.
B、subsidize the high-tech firms.
C、protect the high-tech firms.
D、outsource high-tech production.
A、tax the high-tech firms.
B、subsidize the high-tech firms.
C、protect the high-tech firms.
D、outsource high-tech production.
A、the national security argument.
B、the technological spillover argument.
C、the environment preservation argument.
D、raising the national income.
A、government involvement in business or in the economy tends to fail.
B、government subsidies tend to waste taxpayer's money.
C、government subsidies cannot create a successfully competing export.
D、government subsidies can produce profits that exceed the subsidy's value.
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.
A、Boeing made the first move in this strategic game.
B、Europeans tend to be better strategists than corn-fed Americans.
C、the Airbus actually was a better plane than the Boeing 747.
D、the subsidy removed the advantage that Boeing gained with their head start in production.
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