Which of the following is not an argument used in favor of protectionism?
A. to protect an "infant" industry
B. to reduce prices paid by domestic consumers
C. to preserve national security
D. to protect against "unfair" competition because of cheap foreign labor
Answer: B
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Net investment equals gross investment minus depreciation
Indicate whether the statement is true or false
Keynesians believe that to help ensure full employment production, we should use
A) both counter-cyclical monetary and fiscal policy. B) a money supply rule and counter-cyclical fiscal policy. C) counter-cyclical fiscal policy only. D) counter-cyclical monetary policy only.
Which of the following is NOT true about the demand curve faced by a monopolist?
A) The demand curve is downward sloping. B) The firm's demand curve is the same as the market demand curve. C) The marginal revenue curve is below the market demand curve. D) The demand curve is perfectly elastic.
_____ is an online venue where businesses and individuals can hedge their uncertainty about whether legislation that affects them will be enacted
a. The American Civics Exchange b. Tradesports c. The Iowa Electronic Markets d. The Gallup and Roper surveys