All of the following are arguments in support of protectionist legislation except:
A. increasing global trade.
B. supporting infant industries.
C. preserving domestic employment.
D. promoting national security.
Answer: A
You might also like to view...
In the above figure of a monopolistically competitive firm, the marginal cost of the last unit produced is equal to ________ and is ________ marginal revenue
A) P2; greater than B) P3; greater than C) P1; greater than D) P1; equal to
Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $1 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is
A) $3 million. B) $12 million. C) $15 million. D) $20 million.
Firms entering a perfectly competitive industry will cause the price of the product to
A. fall. B. rise. C. remain constant. D. become more responsive to consumer demand.
An increase in output will tend to
a. increase productivity in the economy as a whole b. reduce prices of non-labor inputs and other commodities in limited supply in the short run c. increase real wage rates d. increase nominal wage rates e. decrease the price level