The infant industry argument for protectionism suggest that an industry must be protected in the early stages of its development so that:
a. firms will be protected from subsidized foreign competition
b. domestic producers can attain the economies of scale to allow them to compete in world markets.
c. there will be adequate supplies of crucial resources in case they are needed for national defense.
d. domestic unemployment will be reduced.
b
Economics
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What will decrease LRAS?
a. a natural disaster that destroys much of the infrastructure in the country b. an increase in the labor force c. an increase in the nation's energy reserves d. all
Economics
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in wealth, she will use ________ for consumption each year
A) $10.00 B) $25.00 C) $100 D) $333
Economics