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Question 17 17) Spencer and Brander's model highlights the conventional assumption that o A government invoementi bsiesso t O B) government subsidies tend to waste

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Question 17 17) Spencer and Brander's model highlights the conventional assumption that o A government invoementi bsiesso t O B) government subsidies tend to waste taxpayer's money. O C) government subsidies cannot create a successfully competing export. D) government tends to distort when it displaces Adam Smith's Invisible Hand. O E) government subsidies can produce profits that exceed the subsidy's value. Question 18 18) The Ricardian model of comparative adrantage lends support to the argument that

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