Four main arguments have been made for trade protection: (1) the ______ argument; (2) the _______ argument; (3) the ________ argument; and (4) the ________ argument.
Fill in the blank(s) with the appropriate word(s).
national security; infant industry; low wage; employment
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In the financial futures quotations, the total number of long positions outstanding is called
A) settlements. B) market activity. C) open interest. D) arbitrage.
The following Phillips curve of would be consistent with the _____ model(s)
a. Keynesian. b. monetarist. c. monetarist and classical. d. classical. e. None of the above
The computation of GDP by adding up the dollar value at current market prices of all final goods and services is
A. the income approach. B. transfer payments. C. the value of all securities. D. the expenditure approach.
A recession ________ output in the future and inflation ________ output in the future.
A. may reduce; may reduce B. will reduce; will reduce C. may reduce; will increase D. will reduce; will not affect