Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP

The argument that developing countries should nurture their infant domestic industries by protecting them from foreign competition is known as

A) the infant industry argument. B) the escape clause hypothesis. C) preservation of the home market. D) institutional fair trade policy.

If domestic savings is less than domestic investment, then

A) reserve assets will increase. B) the government runs a budget deficit. C) there will be negative foreign investment. D) a trade surplus must result.