A table which shows the quantities of a particular good or service that producers are willing to sell (supply) at various prices is known as a supply:

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

A) either on or within the production possibilities frontier. B) on the production possibilities frontier. C) beyond the production possibilities frontier. D) either on or beyond the production possibilities frontier. E) within the production possibilities frontier.

Protection provided to the infant industries is rarely withdrawn because:

a. the costs of withdrawing protection outweigh the benefits. b. the industries begin to experience diseconomies of scale. c. it leads to a loss of government revenue. d. the industries produce goods which are close substitutes of the imported goods. e. the larger and more successful the industry becomes, the more political power it wields.