A quota is a numerical limit on the quantity of a good that can be imported

Indicate whether the statement is true or false

TRUE

Economics

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Sometimes you will hear economists argue that the infant industry argument against free trade is a weak one because these industries never seem to "grow up." What is meant by this argument?

What will be an ideal response?

Economics

Human capital is the amount of

a. capital available to workforce. b. skill embodied in the workforce. c. output the labor force can produce. d. healthy work force in the total population.

Economics