Which of the following is not a criticism of the national defense argument for trade restrictions?
a. National defense only makes sense in the absence of international trade.
b. Stockpiling basic military hardware could eliminate the need to protect the domestic industry.
c. Nearly all industries can make some claim to strategic importance, so such trade restrictions can get out of hand.
d. National defense considerations can outweigh concerns about efficiency.
e. Government subsidies to domestic producers may be more efficient than trade restrictions.
D
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In a community where poor people do not associate with members of the opposite sex until they are 21 years old, the cost of hiring a babysitter on weekends will be
A) higher than in other communities. B) lower than in other communities. C) prohibitive. D) zero.
List and describe the sources of spending in the economy by focusing on the four major sectors of the economy
What will be an ideal response?