When a tariff supporter argues that foreign producers are selling their products for prices below the costs of production, which of the following is being used?

A) Save domestic jobs argument
B) National security argument
C) Dumping argument
D) Infant-industry argument
E) Diversity and stability argument

C

Economics

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A payment that a person receives from the government for engaging in a particular activity is called a

A) bribe. B) subsidy. C) consumer surplus. D) tariff.

Economics

Bella can produce either a combination of 60 silk roses and 80 silk leaves or a combination of 70 silk roses and 55 silk leaves. If she now produces 60 silk roses and 80 silk leaves, what is the opportunity cost of producing an additional 10 silk roses?

A) 2.5 silk leaves B) 10 silk leaves C) 25 silk leaves D) 55 silk leaves

Economics