Most economists believe that the infant industry argument for protection, though theoretically justified, often keeps firms from becoming more competitive.
Answer the following statement true (T) or false (F)
True
Infant industries often become dependent on protection, and so they often do not grow up to be efficient or competitive.
Economics
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The average product of labor is equal to the
A) total product divided by the total number of workers hired. B) total number of workers hired divided by the total product. C) slope of the marginal product of labor curve. D) Both answers B and C are correct.
Economics
Explain how a change in the expected price level would shift the short-run and long-run aggregate-supply curves
Economics