Which of the following is likely to have the longest long run?
A) a beauty salon.
B) a pizza parlor.
C) a road construction firm.
D) an airline.
D
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A problem with the infant industry argument is that
A) it is too restrictive in targeting new industries to protect. B) it does not protect the most important new industries in a country. C) it is almost impossible to eliminate the tariff once the industry matures. D) it allows infant industries to mature so that tariffs can be eliminated.
The following data show levels of planned variables for an economy. I = investment, S = saving after taxes, G = government spending, T = taxation, X = exports, and M = imports. ISGTNXMA222943354640B243445394844C263848425047D284251475351What is the equilibrium level of domestic output?
A. Choice A B. Choice B C. Choice C D. Choice D