题目内容
Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote.
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Europe's jumbo-jet manufacturer, Airbus, has justified receiving governmental subsidies on the grounds that the United States from becoming a monopoly in the jumbo-jet market.
The imposition of pollution-control regulations on domestic steel manufacturers leads to decreases in production costs and an improvement in the steel manufacturer's competitiveness.
Empirical studies conclude that U.S. environmental policies are a more important determinant of trade performance than capital, raw materials, labor skills, and wages.
Although the theory of comparative advantage explains trade in manufactured goods, it has no explanatory value fur trade in business services.
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