Regarding U.S. antitrust activity, the rule of reason was expressed in the

The trade-off of saving the spotted owls in the Pacific Northwest was

A) the loss of salmon in the region. B) the increase in the number of marbled murrelets. C) the loss of logging activities by lumber companies. D) none.

The infant industry argument for trade protectionism holds that

A) new industries sometimes need a protective environment in which to grow so that they can compete with older, more established foreign competitors. B) foreign competitors are often viewed as "infants" by large U.S. firms. C) tariffs are often preferred to quotas. D) quotas raise prices more than tariffs raise prices. E) a and c