Which of the following is an infant-industry argument in favor of restrictions on foreign trade?
A. Foreign producers must be stopped from selling their products in this country below cost of production.
B. Domestic workers must be protected from the lower wages paid in foreign countries.
C. The nation's security demands we ensure an adequate domestic supply capacity of certain products.
D. Industries in the early stages of development must be protected from more mature producers.
Answer: D
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Over the past few decades, nominal interest rates have been higher than real rates of interest. This means that
a. lenders must have expected inflation. b. borrowers must have expected deflation. c. lenders must have expected prices to fall. d. borrowers must have expected prices to fall.
The output effect is the change in labor supply due to a change in the quantity of output produced.
Answer the following statement true (T) or false (F)
A quota subscription is
A. the maximum amount of funds that can be drawn at the World Bank without a formal proposal. B. when an investor sets limits on the proportion of their portfolio that will contain foreign investments. C. a nation's account at the International Monetary Fund. D. the maximum amount that a private investor can invest in foreign firms.
Refer to Table 19-21. Consider the following data for a simple economy: Calculate nominal GDP and real GDP for 2016, using 2014 as the base year. Show your work
What will be an ideal response?