What is the national security argument to support protection from international trade?
A) Domestic firms must be protected until they gain a comparative advantage.
B) Any firm necessary in wartime must be protected.
C) Foreign producers selling below cost to drive domestic firms bankrupt must be stopped.
D) Domestic jobs must be protected from competition from low-paid foreign workers.
E) Foreigners selling products in the economy limit the nation's diversity and stability.
B
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Deflation means a decrease in:
a. the rate of inflation. b. the prices of all products in the economy. c. homes, autos, and basic resources. d. the general level of prices in the economy.
If interest rates in the European Union decrease
A) the demand for U.S. dollars will fall in the foreign exchange market. B) the supply of U.S. dollars will fall in the foreign exchange market. C) the demand for euros will fall in the foreign exchange market. D) nothing will change in the foreign exchange market.