Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max's current MRS = -0.8, then Max is at point

Protection of an infant industry should be withdrawn once that industry:

a. charges the same price as foreign competitors. b. goes public on the stock exchange. c. raises a large amount of sales revenue. d. achieves sufficient size to compete with foreign firms. e. earns enough profit as a result of the subsidies to remain in business.

Centrally planned economies are able to cope with environmental pollution issues much better than capitalist countries

a. True b. False Indicate whether the statement is true or false