Which of the following are arguments that have been and currently are used to justify protectionism?
(a) The infant industry argument
(b) Tariffs create lower profits, generate fewer jobs, and reduce wages in the U.S.
(c) Countries should not operate on the basis of comparative advantage.
(d) All of the above
(a)
Economics
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Which of the following best describes a tradeoff?
a. An office executive enrolling into a management course to develop her skills. b. An investor buying stocks of a start-up company. c. A businessman investing a portion of company's profit in research and development. d. A college student sacrificing a few hours of study time to work at the town cafeteria. e. A worker purchasing a new car with her bonus earnings.
Economics
Flow?
Economics