According to the infant-industry argument, protection should be withdrawn from an infant industry when the companies in the industry
A) are listed on the domestic stock exchange.
B) become profitable.
C) double their sales revenues.
D) reach a sufficient size to compete with foreign firms.
D
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Since the 1950s, the percentage of women working in the United States has held relatively steady.
Answer the following statement true (T) or false (F)
International trade occurs because the ________ cost of producing specific goods differs across countries
a. variable b. fixed c. sunk d. opportunity
Someone notices that sunspot activity is high just prior to recessions and concludes that sunspots cause recessions. This person has:
A. confused association and causation. B. misunderstood the Ceteris paribus assumption. C. used normative economics to answer a positive question. D. built an untestable model.
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to ________ economists, under rational expectations an expected increase in government spending would not change AD or AS.
A. Keynesian B. the new classical C. monetarist D. none of the above