A person who has not worked in six months and has given up looking for work is officially classified as

Both conservatives and liberals tend to approve of markets because

a. markets are effective in solving many of society's problems. b. markets work well in all cases, and can be relied upon to solve problems. c. their goals are similar enough that they can rely on the same means. d. production is the most important goal, and market systems are very productive. e. of all of the above.

One problem with the infant industry argument is that

A) the protection is typically never removed, creating a domestic monopoly. B) it fails to protect domestic industries from foreign competition. C) it must be approved by the IMF and the World Bank. D) it must be approved by the Federal Reserve Board.