Which of the following is an argument against free trade?
A) protecting infant industries
B) protecting against dumping
C) protecting domestic jobs
D) all of the above
D
Economics
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Economic models
a. are always based on realistic assumptions. b. usually predict perfectly. c. can never be tested with real world data. d. are used to describe cause-and-effect relationships. e. are too simple to be of much use.
Economics
Market activity that goes unreported either to avoid taxes or because the activity is illegal is called:
a. special-interest activity. b. rent seeking. c. the underground economy. d. pork-barreling.
Economics