Based on the experiences of many countries, do firms that receive infant industry protection evolve to compete against their more established international competitors?
A. Rarely.
B. Never.
C. Always.
D. Yes, but only in the 1950's and 1960's.
Answer: A
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Suppose that savers become much more willing to purchase a certain type of municipal bond. The result will be that the bond's price will
A) fall relative to the price of U.S. Treasury securities but rise relative to the price of corporate bonds. B) rise relative to the price of U.S. Treasury securities but fall relative to the price of corporate bonds. C) rise relative to the prices of U.S. Treasury securities and corporate bonds. D) fall relative to the prices of U.S. Treasury securities and corporate bonds.
Countercyclical policy:
What will be an ideal response?
Refer to Figure 18.1. With a tariff or quota, what is the equilibrium price of gloves in Duckland?
A. $8 B. $9 C. $10 D. $11
If the price of tea rises relative to all other prices, consumers are likely to
A. buy less coffee. B. buy more tea. C. buy less coffee and less tea. D. buy less tea and more coffee.