What are the rationales for protectionist policies?
What will be an ideal response?
The rationales for protectionist policies are to shield workers from foreign competition, to nurture infant industries, and to help domestic firms establish monopolies in world markets.
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In 2002, the Enron corporation was accused of falsifying information regarding liabilities on Enron's balance sheets, thereby
A) reducing Enron's profit on the balance sheet. B) increasing Enron's net worth on the balance sheet. C) reducing Enron's net income on the income statement. D) increasing Enron's assets on the balance sheet.
If the cost efficiency of input A is 45 pounds per $1 of cost, and the cost efficiency of input B is 40 pounds per $1 of cost, then input A is more cost-efficient than input B.
Answer the following statement true (T) or false (F)