The argument that calls for the trade protection of only newly developing industries is known as the ________ argument

A) predatory dumping B) developing nation
C) infant industry D) learning by doing

C

Economics

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Which of the following statements is a normative as opposed to a positive economic statement?

A) Consumer spending generates more jobs. B) If the price of gasoline goes up, people buy less. C) Labor unions should be allowed to organize in every industry. D) Government intervention in markets is common in many countries.

Economics

Average propensity to consume

A) is the same as the break-even point. B) gives the amount a person changes planned consumption for a change in real disposable income. C) is the amount of consumption that is independent of the level of disposable income. D) is the proportion of total disposable income that is consumed.

Economics