A new industry develops, and our government wants to protect it from foreign competition. Which one of the following arguments would appropriately describe this type of protection?
A) national security
B) cartelization
C) infant industry
D) protecting American jobs
Answer: C
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Merck, an American pharmaceutical company, produces a vaccination that is used against chicken pox. The table shows the domestic demand for, and supply of, this medication, measured in thousands of doses per day
The world price of this medicine is $24 per dose. a. With no trade, what is the U.S. price and quantity of the vaccine? b. At the world price, how many doses are demanded in the United States? c. At the world price, how many doses are produced in the United States? d. At the world price, how many doses are exported?
Is it possible for nominal GDP to increase while real GDP does not change?
What will be an ideal response?
Bank reserves include
A) vault cash and loans to bank customers. B) vault cash and deposits with the Federal Reserve. C) customer checking accounts and vault cash. D) deposits with the Federal Reserve and holdings of securities. E) loans to bank customers and deposits with the Federal Reserve.
The object of diversification is
A) to reduce risk and fluctuations in income. B) to reduce risk, but not to reduce fluctuations in income. C) to reduce fluctuations in income, but not to reduce risk. D) neither to reduce risk, nor to reduce fluctuations in income.