The contention that tariffs should be imposed to protect from import competition an industry that is trying to get started is
A. the infant industry argument.
B. a voluntary restraint agreement.
C. dumping.
D. a basic argument for free trade.
Answer: A
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The Sandy Deli operates near a college campus. It has been selling 325 sandwiches a day at $1.75 each and is considering a price cut. It estimates 450 sandwiches would sell per day at $1.50 each. Calculate the marginal revenue of such a price cut and the elasticity between the two points.
What will be an ideal response?
One way the government decides how to pay for a public good is:
A. the ease of collecting payout. B. if they can make the good excludable and charge its users. C. the transfer of surplus. D. All of these are ways the government allocates payment of public goods.
In 2014 income per person in the United States was about 10 times that in India
a. True b. False Indicate whether the statement is true or false
The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support of the welders' union. This is known as
A) a closed shop. B) a union shop. C) a sympathy strike. D) a secondary boycott.