If the executives of the U.S. silicon-chip industry lobby Congress for protection from imports on the grounds that the military should have an unrestricted domestic supply of silicon chips, they are using the:
A) environmental standards argument.
B) infant industry argument.
C) cheap foreign labor argument.
D) national security argument.
Ans: D) national security argument.
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On the graph above, suppose the labor market is in equilibrium at point 2, then the demand curve shifts down to the position shown on the graph
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