What are the rationales for protectionist policies?
What will be an ideal response?
The rationales for protectionist policies are to shield workers from foreign competition, to nurture infant industries, and to help domestic firms establish monopolies in world markets.
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Holding constant risk and the real returns available abroad, lower domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. decrease; increase; decrease B. increase; increase; decrease C. increase; decrease; increase D. increase; increase; increase
In the above table, the marginal product is greatest when the
A) first worker is hired. B) second worker is hired. C) third worker is hired. D) fourth worker is hired.
Do Keynesians and classicals agree on the effectiveness and desirability of macroeconomic stabilization? Briefly explain
What will be an ideal response?
During the recession of 2008, the U.S.experienced lower real interest rates at the same time investment and GDP were falling
How would a Classical economist explain this recession? Provide a graph of the Classical capital market to illustrate your arguments.