Trade restrictions imposed in the name of national security have been recommended by protectionists in order to:
a. develop strong defense-related industries.
b. avoid dependence on foreign suppliers during wartime.
c. reduce the necessity of stockpiling strategic supplies.
d. all of these.
d
You might also like to view...
Waiting in line for a free ticket involves no opportunity cost.
Answer the following statement true (T) or false (F)
Lauren makes $150 a day as a bank clerk. She takes two days off work without pay to fly to another city to attend the concert of her favorite band. The cost of transportation and lodging for the trip is $250. The cost of the concert ticket is $50. The opportunity cost of Lauren's decision to attend the concert is
A. $600. B. $450. C. $250. D. $300.
Diseconomies of scale are also known as
a. Increasing returns to scale b. Decreasing returns to scale c. Constant returns to scale d. None of the above
Output regulation for the natural monopoly in Figure 27.2 would result in an output of
A. QB only. B. QA or QB, but not QC. C. QA only. D. QC.