Which of the following is not an argument favoring tariffs?
a. They help infant industries grow
b. They increase consumer surplus for domestic consumers.
c. They reduce domestic unemployment.
d. They are necessary for national security reasons.
b
Economics
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Subsidies _______________the cost of production, encouraging current producers to stay in the market and new producers to enter.
Fill in the blank(s) with the appropriate word(s).
Economics
Most doctors and hospitals operate as private businesses in all of the following countries except
A) the United Kingdom. B) the United States. C) Japan. D) Canada.
Economics