Frederic Bastiat's Petition of the Candlemakers most directly refutes which of the following arguments for protectionism?
A. Increased domestic employment argument.
B. Infant industry argument.
C. Cheap foreign labor argument.
D. Diversification-for-stability argument.
A. Increased domestic employment argument.
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Cite an advantage and a disadvantage for command-and-control vs. incentive-based approaches. Then do the same for environmental taxes vs. emissions trading.
What will be an ideal response?
The amount of US debt owned by the English
A. has remained relatively low and constant (relative to other countries). B. dropped to an all-time low in 2015. C. continues to rise. D. dropped from the 1940s through the 1970s, spiked in the 1980s, dropped in the 1990s and early-2000, and rose in the 2010s.
In the United States, do the poorest 20 percent of the households receive more or less than 5 percent of total income?
What will be an ideal response?
If a bank receives a new deposit of $10,000 . and the required reserve ratio is 25 percent, then the new money that can be created by the banking system, including the initial deposit, is:
a. $25,000. b. $2,500. c. $4,000. d. $40,000. e. $10,000.