Which of the following arguments for trade protection contends that new domestic industries need support to establish themselves and survive?
A. The increased domestic employment argument.
B. The cheap foreign labor argument.
C. The diversification-for-stability argument.
D. The infant industry argument.
D. The infant industry argument.
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Use the graph to answer the following question:
If the market for investment is initially in equilibrium at point A, but then implementation of fiscal policy causes crowding out to occur, the equilibrium in the market will likely
A. remain at point A. B. move toward point B. C. move toward point C. D. move toward point D.
Facts, measurements, or statistics that describe the world are referred to as:
A) data. B) models. C) hypothesis. D) empiricism.
________ are the time and resources spent trying to exchange goods and services
A) Bargaining costs B) Transaction costs C) Contracting costs D) Barter costs
The Earned Income Tax Credit replaced many government transfer programs
a. True b. False