The contention that domestic unions tend to want to restrict foreign competition with tariffs is
A) a national defense concern.
B) the infant industry argument.
C) dumping.
D) to protect domestic jobs.
D
Economics
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Which of the following is NOT conducive to the successful operation of a cartel?
A) Market demand for the good is relatively inelastic. B) The cartel supplies all of the world's output of the good. C) Cartel members have substantial cost advantages over non-member producers. D) The supply of non-cartel members is very price elastic.
Economics
Suppose firms in a collusive oligopoly decide to establish their prices at a level that discourages new rivals from entering the industry. This is called:
A. mutual interdependence. B. pricing the demand curve. C. limit pricing. D. price leadership.
Economics