The argument that a tariff has to be imposed in order to protect any industry just getting started until it gets large enough to be competitive internationally is the

True, false, or uncertain? Any firm that is not covering fixed costs should shut down in the short run

Indicate whether the statement is true or false

In real terms, the cost of government spending is measured by

A. Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources. B. The public sector output sacrificed when the government employs scarce resources. C. The private sector output sacrificed when the government employs scarce resources. D. Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.