Sometimes you will hear economists argue that the infant industry argument against free trade is a weak one because these industries never seem to "grow up." What is meant by this argument?
What will be an ideal response?
What they are arguing is that the industries that are receiving this type of protection from the government are not going to give up their aid so easily. In fact, they may continue receiving the aid even when their industries have "grown up".
Economics
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Your textbook authors argue that, other things constant, entrepreneurs respond to a fall in interest rates by
A) paying less attention to long term profitability. B) engaging in irrational business behavior. C) investing in capital goods. D) making all of the above choices.
Economics
Since the replacement of AFDC with TANF the welfare rolls have grown in the United States
a. True b. False
Economics