Which of the following is not an argument for trade restrictions?
A) the national defense argument
B) the infant industry argument
C) the comparative advantage argument
D) the antidumping argument
C
Economics
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Governments are most effective at providing pure private goods
Indicate whether the statement is true or false
Economics
According to the new classical model,
a. anticipated declines in aggregate demand would move output and employment below the full-employment levels. b. announced declines in aggregate demand do not change output and employment above the full-employment levels. c. anticipated declines in aggregate supply would only put employment below the full-employment level. d. unanticipated declines in aggregate demand would cause output and employment to fall below the full-employment levels. e. both c and d.
Economics