The infant industry argument is that:
a. those industries that produce products for infants should be protected.
b. developing industries should be allowed to face foreign competition.
c. protectionism should be used to create a level playing field for the domestic firms to compete with foreign firms.
d. protectionism promotes complete specialization in the country on the basis of comparative advantage.
e. new industries should be protected from foreign competition until they have had adequate time to develop.
e
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Which of the followings statements is true?
A) The amount of capital accumulation will be higher if the capital stock of last year was low. B) The amount of depreciation will be lower if the investment on capital last year was high. C) The amount of capital accumulation will be higher if the capital stock of last year was high. D) The amount of depreciation will be higher if the investment amount on capital last year was low.
Explain what is a "vehicle currency." Why is the U.S. dollar considered a vehicle currency?
What will be an ideal response?