Sometimes you will hear economists argue that the infant industry argument against free trade is a weak one because these industries never seem to "grow up." What is meant by this argument?
What will be an ideal response?
What they are arguing is that the industries that are receiving this type of protection from the government are not going to give up their aid so easily. In fact, they may continue receiving the aid even when their industries have "grown up".
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Describe the Mexican peso crisis in terms of the imbalances that caused it, the policies Mexico used to respond, and the lessons learned
What will be an ideal response?
The ADL(p,q) model is represented by the following equation
A) Yt = ?0 + ?pYt-p + ?qXt-q + ut. B) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?pYt-p + ?qut-q. C) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?pYt-p + ?0 + ?1Xt-1 + ut-q. D) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?pYt-p + ?1Xt-1 + ?2Xt-2 + ... + ?qXt-q + ut.
If the annual interest rate is 5 percent,
a. $100 saved today will be worth $105 after one year b. $90 saved today will be worth $100 after one year c. $100 saved today will be worth $5 after one year d. $99 saved today will be worth $100 after one year e. $100 saved today will be worth $1,000 after one year
Which of the following statements best completes this sentence: "On a bank's balance sheet..."?
A. liabilities show the sources of funds and assets show the uses of funds. B. liabilities show the uses of funds and assets show the sources of funds. C. net worth shows the sources of funds and liabilities show the uses of funds. D. assets show the sources of funds and the net worth shows the uses of funds.