The argument that protection ________
A) penalizes poor environmental standards is true
B) allows us to compete with cheap foreign wages is true
C) is necessary for infant industries is true
D) saves jobs is flawed
D
You might also like to view...
If the marginal propensity to consume (MPC) is 0.96, the value of the spending multiplier is:
a. 25. b. 40. c. 96. d. 100.
Mergers often do not lead to value creation
Indicate whether the statement is true or false
An increase in the U.S. price level will: a. decrease U.S. exports
b. decrease U.S. imports. c. increase RGDP demanded in the United States. d. both (a) and (c)
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys their goods in large quantities and therefore at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices and free parking. Local retailers, like the neighborhood drug store, often go out of business because they lose customers. This story demonstrates that:
A. consumers are boycotting local retailers. B. Wal-Mart engages in illegal acts of monopolization. C. there are diseconomies of scale in retail sales. D. there are economies of scale in retail sales. E. Wal-Mart is managed by ruthless business people.