Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
You buy new water skis and other new equipment for $2,500 and take a week off of your job, where you earn $1,000 a week, to go water skiing. The equipment you purchased was all produced in the United States. You think that the week was worth $4,000
As a result of your vacation, GDP changes by how much?
How can crime and punishment be modeled as a principal-agent problem? What does the model suggest about crime prevention?
What will be an ideal response?
As of October 2012, which of the following was true?
A) deposits of foreign governments and international organizations > bank reserves > currency in circulation B) currency in circulation > bank reserves > deposits of foreign governments and international organizations C) bank reserves > currency in circulation > deposits of foreign government and international organizations D) currency in circulation > deposits of foreign governments and international organizations > bank reserves
In a functioning market, people will buy a good up to the point where:
A. the marginal benefit of each unit is equal to the marginal cost of each unit. B. the total benefit of the good is equal to the total cost of the good. C. the marginal benefit of the last unit is equal to the marginal cost of that unit. D. they can no longer afford it.