The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition
A. industries that can compete with foreign competitors at this point in time and are deemed essential by the government.
B. industries that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience.
C. industries needed for national defense.
D. industries that are essential if a country is to become an industrial nation.
Answer: B
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Microeconomics is the branch of economics that deals with which of the following topics?
A) The behavior of individual consumers B) Unemployment and interest rates C) The behavior of individual firms and investors D) B and C E) A and C
The Malthusian theory of population has its greatest applicability today in the ____ nations.
Fill in the blank(s) with the appropriate word(s).
The majority of U.S. imports and exports involve:
In case of forecasts, the root mean squared error is the:
A. average of the forecast errors divided by the variance of the errors. B. average of the absolute forecast errors. C. standard deviation of the forecast errors without any degrees of freedom adjustment. D. standard deviation of the forecast errors with a degrees of freedom adjustment.