Some economists suggest the optimal way for a nation to protect its access to a strategic mineral is with
A) an infant industry tariff.
B) a high rate of effective protection to keep local mines in business.
C) a quota on imports of the mineral.
D) a low nominal rate of protection.
E) a stockpile.
E
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Suppose the current real interest rate is 4 percent and the equilibrium real interest rate is 3 percent. Then
A) prices rise and inflation occurs. B) there is a surplus of loanable funds. C) there is a shortage of loanable funds. D) there is neither a shortage nor surplus of loanable funds.
Which statement is false?
A. Growing automobile imports have made that industry's concentration ratio less relevant. B. The Japanese automobiles have reduced the concentration ratio in that industry. C. Most cars made in the United States are made by General Motors, Ford, and Chrysler. D. None of these statements are false.