The infant industry argument for protectionism is to block imports ______________ to give the infant industry time to mature before it starts competing on equal terms in the global economy.
a. for a limited time
b. for a long time
c. permanently
d. never
a. for a limited time
The infant industry argument for protectionism is to block imports for a limited time to give the infant industry time to mature before it starts competing on equal terms in the global economy.
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GDP divided by the population gives us
A) the price level. B) the GDP deflator. C) per capita GDP. D) real GDP. E) none of the above.
Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
What will be an ideal response?
Which of the following will not cause an increase in the natural rate of unemployment?
A) an increase in m B) an increase in z C) an increase in the expected inflation rate D) a reduction in m E) none of the above
The amount of government spending on education per public school student has ________ since 1960, and the achievement level of students has generally ________ since that time.
A. decreased; increased B. increased; decreased C. decreased; decreased D. increased; increased