Protection of a new industry until it becomes strong enough to compete is called
A) the national defense argument.
B) the government indirect tax argument.
C) the leveling-the-playing-field argument.
D) the infant-industry argument.
Answer: D
Economics
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Refer to the scenario above. Which of the following is true in this case?
A) Firm A's dominant strategy is to choose Strategy X. B) Firm B's dominant strategy is to choose Strategy Y. C) Firm A chooses Strategy X if Firm B chooses Strategy Y. D) Firm A chooses Strategy Y if Firm B chooses Strategy Y.
Economics
The table above shows the payoff matrix for a prisoners' dilemma game. The Nash equilibrium is that
A) both prisoners do not confess. B) both prisoners confess. C) prisoner A confesses while prisoner B does not confess. D) prisoner A does not confess while prisoner B confesses.
Economics