Which is not a commonly heard argument for protectionism?
A. A strong national defense requires that some military products be produced domestically
B. Infant industries need short-term protection from foreign competition in order to grow
C. Specialization along the lines of comparative advantage can lead to some economic instability in a nation
D. When other nations' economies grow they typically import fewer goods and services
D. When other nations' economies grow they typically import fewer goods and services
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To enforce the optimum level of emissions, a government could set an emissions fee, which would be
A) the dollar value indicated by the intersection of the MSB and MCA curves, and would apply to every unit of pollutants the firm emitted. B) the dollar value indicated by the intersection of the MSB and MCA curves, and would apply to every unit of pollutants the firm emitted above the standard. C) the vertical intercept of the MSB curve. D) the vertical intercept of the MCA curve. E) the vertical distance between the intercepts of the MSB curve and the MCA curve.
How would an economist typically assess the extent of economic progress in a nation?
Services can be thought of as
A) unvalued goods. B) unwanted goods. C) free goods. D) intangible goods.
The demographic transition view alleges that:
A. the DVCs must first accept the use of birth control techniques to increase their standards of living. B. population growth will only decline if mortality rates exceed birth rates. C. if incomes first rise, population growth will then decline. D. population growth has no bearing on a nation's per capita income.