When politicians debated the North American Free Trade Agreement (NAFTA), some told stories of U.S. workers whose jobs would be moved to Mexico. Which of the following arguments in favor of protection was being used?
A) Save domestic jobs argument
B) National security argument
C) Anti-dumping argument
D) Infant-industry argument
E) Diversity and stability argument
A
Economics
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Because of diminishing returns, a factor in relatively low supply has a
a. low marginal product and a low rental price. b. low marginal product and a high rental price. c. high marginal product and a low rental price. d. high marginal product and a high rental price.
Economics
A major source of inefficiency in barter economies is that they require
A) a standard of deferred payment to make trade possible. B) a double coincidence of wants in exchange. C) more liquid stores of value than do monetary economies. D) All of the above are correct.
Economics