If enforcement is aimed at sellers of an illegal good, its equilibrium price will ________ and its equilibrium quantity will ________

Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets. This statement describes the ________ argument for protectionism

A) protecting national security B) diseconomies of scale C) infant industry D) anti-dumping

The market system is an economic system that:

a. Gives the government the right to tax individuals and corporations for the production of capital goods b. Produces more capital goods than consumer goods c. Gives private individuals and institutions the right to own resources used in production d. Produces more consumer goods than capital goods