William Safire argues that a unilateral free trade policy is a disaster if
a. the governments of the nations' trading partners practice "helpfulism."
b. infant industries are allowed to expire.
c. the national defense is endangered.
d. it hurts the poor.
a
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A legitimate objection to the government issuance of "indexed" bonds is that they
A) are more of a drain on the Treasury than conventional bonds. B) can encourage inflation and weaken policy resistance to it. C) discourage saving when inflation is reduced. D) further discourage the use of money and thus increase shoe-leather costs.
Economists make assumptions in order to
a. mimic the methodologies employed by other scientists. b. minimize the number of experiments that yield no useful data. c. minimize the likelihood that some aspect of the problem at hand is being overlooked. d. focus their thinking on the essence of the problem at hand.