The infant-industry argument
a. is based on the belief that protecting industries when they are young will pay off later.
b. is based on the belief that protecting industries producing goods and services for infants is necessary if a country is to have healthy children.
c. has the support of most economists.
d. is an argument that is advanced by advocates of free trade.
a
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Analysis of the economic status of poor people reveals that
a. most are poor because they did not have the opportunity to obtain training and a quality education. b. most had poor parents, grandparents, and great-grandparents, suggesting that poverty is inherited. c. the poverty population is very homogeneous regarding opportunity, cultural disadvantages, alcoholism, and other personal contributing factors. d. poverty is a complex issue; the poor are a heterogeneous population, and the causes of poverty are multidimensional.
The variation in the rate of return one can expect from ownership of stocks will generally be smaller if
a. all of the funds are invested in a specific sector of the economy such as the automobile industry. b. a diverse set of stocks is held over a lengthy period of time such as 30 or 40 years. c. all of the funds are invested in a single stock. d. the funds are invested for a relatively short period of time.