The argument that protection ________
A) penalizes poor environmental standards is true
B) allows us to compete with cheap foreign wages is true
C) is necessary for infant industries is true
D) saves jobs is flawed
D
Economics
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When network externalities are present, the market demand for the good in question becomes:
A.unit elastic. B. less elastic. C. more elastic. D. perfectly inelastic.
Economics
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Economics