Which of the following is not an argument used in favor of protectionism?
a. To protect an "infant" industry.
b. To protect domestic jobs.
c. To preserve national security.
d. To protect against "unfair" competition because of cheap foreign labor.
e. To reduce prices paid by domestic consumers.
e
You might also like to view...
Define microeconomics
What will be an ideal response?
The new federal government's national health care program imposes the following regulations on health care insurers EXCEPT
A) health insurers must cover all who apply, including people who already have health problems. B) all new plans must cover certain preventive services such as mammograms and colonoscopies but must be paid 100% by patients. C) a ceiling is imposed on the rate of increase in health insurance prices charged to elderly people. D) insurance companies will be prohibited from imposing lifetime dollar limits on essential benefits, like hospital stays.
If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is 2
a. True b. False Indicate whether the statement is true or false
Jerolyn signs up for a computer dating service. She finds that a lot of the men who send her emails are, in her opinion, "computer nerds". This is an example of:
a. moral hazard b. adverse selection c. both of the above d. neither of the above