Protectionism is used for all of the following reasons except _____.
(A) Keeping out immigrants.
(B) Keeping jobs.
(C) Taking care of an infant industry.
(D) Safeguarding national security.
Ans: (A) Keeping out immigrants.
Economics
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Which of the following models argue that active stabilization policy can be beneficial?
a. The classicists b. The new classicists c. The monetarists d. The real business cycle theorists e. None of the above
Economics
Marginal factor cost is
A) the change in the value of output from using an additional unit of the factor. B) the cost of an additional unit of output. C) the total value of factor cost divided by the one cost that is being held constant. D) the cost of using an additional unit of an input.
Economics