A new domestic industry with potential economies of scale is called a(n):
A) potential business entrant.
B) immature industry.
C) infant industry.
D) highly valued entrant.
Ans: C) infant industry.
Economics
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Refer to Table 9-12. With trade, what is the total gain in sword production?
A) 40 B) 60 C) 100 D) 200
Economics
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Economics