The infant-industry argument about tariffs implies that
a. it is unfair to levy tariffs on items intended for use by infants.
b. tariffs should be levied on foreign products that compete with new domestic industries only in the short run.
c. if a newly established domestic industry can survive in the short run, a tariff should be levied to protect it from foreign competition in the long run.
d. permanent tariffs should be levied on foreign products that compete with those produced by newly established domestic industries.
B
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A. Define the term "globalization."
b. Describe the benefits of globalization. c. Who is likely to oppose globalization and why? What will be an ideal response?
The variation in the rate of return one can expect from ownership of stocks will generally be smaller if
a. all of the funds are invested in a specific sector of the economy such as the automobile industry. b. a diverse set of stocks is held over a lengthy period of time such as 30 or 40 years. c. all of the funds are invested in a single stock. d. the funds are invested for a relatively short period of time.