Multiple Choice
Which of the following reasons is NOT one of the ones used to justify subsidies to high technology industries in advanced industrialized countries?
A) They earn a higher than normal return on investment.
B) They pay higher wages to workers than standard manufacturing industries.
C) They boost the international competitiveness of such industries.
D) The welfare gains generated by this industry are substantially larger than the welfare losses incurred during the period of subsidy.
E) Choosing these economic winners leads to less corruption.
Correct Answer:
Verified
Correct Answer:
Verified
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