The ________ argument was formulated as a rationale for protecting emerging domestic industries from foreign competition
a. antidumping
b. infant industry
c. job and income
d. declining industries
b
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The cost of basics like milk, bread, potatoes and bananas has jumped in the past year, forcing families to nix luxuries, steer away from organic goods and buy more house brands
"I think it's affecting everybody," said Elize Joseph 48, a nursing attendant. "To spend $40 on groceries is nothing. It doesn't go a long way." When food prices increase, what will happen to Elize's total utility? A) It increases. B) It stays the same. C) It decreases. D) It cannot be determined without knowing her total income.
By 2016, the U.S. trade deficit with China
A) had fallen to almost zero. B) was nearly $300 billion. C) had decreased to the same level of the early 2000s. D) had become a trade surplus.