The larger the marginal propensity to import, the larger the government purchases multiplier

Which of the following statements is used to justify protectionism?

A) Free trade leads to higher prices for imported goods. B) Trade restrictions are not necessary to protect new firms since they can gain experience and become more productive without protection. C) A country should not rely on other countries for goods that are critical to its national defense. D) Free trade increases employment by protecting domestic firms.

Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the executive president and chief financial officer of Gap, Inc Teri L. List-Stoll, and the former vice chairman of Bank of America Charles H

Noski. These three board members do not have a direct management role with Microsoft and are therefore referred to as A) inside directors. B) outside directors. C) competitive directors. D) honorary directors.