Which of the following examples cited in the text was the MOST successful case of infant industry protection?
a. the Chinese auto industry
b. the Brazilian computer industry
c. Harley-Davidson
d. Daimler-Chrysler Corporation
Ans: a. the Chinese auto industry
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The above table has the marginal product schedule for Nick's Dry Cleaners, a perfectly competitive dry cleaning firm
a) If the price to dry clean a blouse is $8 each, complete the last column of the table. b) If Nick can hire workers at the going wage rate of $16 an hour, how many workers does Nick hire?
Currently, about ____ of U.S. households own stock, either directly or through an equity mutual fund
a. 10 percent b. 20 percent c. 50 percent d. 80 percent
The economy contains many labor markets for different types of workers
a. True b. False Indicate whether the statement is true or false
The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor hour. If the United Kingdom and the rest of the world begin to trade with each other, the international price of umbrellas will lie between ________ and ProductivityIn the United KingdomIn the Rest of the WorldUmbrellas per labor hour0.251.00Bushels of corn per labor hour0.500.67
A. 1/3 of a bushel of corn per umbrella; three bushels of corn per umbrella. B. 1/2 of a bushel of corn per umbrella; 3/2 bushels of corn per umbrella. C. 2/3 of a bushel of corn per umbrella; 3/2 bushels of corn per umbrella. D. 2/3 of a bushel of corn per umbrella; two bushels of corn per umbrella.