The infant industry argument for protectionism is to block imports ______________ to give the infant industry time to mature before it starts competing on equal terms in the global economy.
a. for a limited time
b. for a long time
c. permanently
d. never
a. for a limited time
Economics
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Although he is very poor, Al plays the million-dollar lottery every day because he is certain that one day he will win. Al makes this calculation based upon
A) the frequency of past outcomes. B) subjective probability. C) knowledge of all possible outcomes. D) tossing a coin.
Economics
Future generations will be hurt by a high national debt if incurring the debt
a. was done to pay Social Security recipients. b. resulted in heavy commitments to bail out business firms. c. increased formation of capital. d. slowed the formation of capital.
Economics