Which of the following is an argument that is used for protection from free trade?

i. the national security argument
ii. the infant-industry argument
iii. the dumping argument
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii

E

Economics

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Which of the following is NOT a cause for real wage rigidity?

A. minimum-wage laws B. unemployment insurance C. union power D. efficiency wages

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Refer to the table above. The relative price of beer in terms of wine in B is

A) $4.50. B) 2. C) 4.5. D) $2.00.

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