The contention that specific sensitive domestic technologies must not be traded freely is
A) a national defense concern.
B) the infant industry argument.
C) dumping.
D) to protect domestic jobs.
Answer: A
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Which of the following is the best example of a disruptive market change related to international trade?
a. a domestic manufacturer opens a new state-of-the-art facility in the home country b. an international manufacturer opens a new state-of-the-art facility in the home country c. an international manufacturer develops a completely robotic manufacturing process d. a domestic manufacturer replaces one international supplier with another international supplier
Entry fees at national parks and monuments are an example of:
A. the ability-to-pay principle of taxation. B. the benefits-received principle of taxation. C. government bureaucracy and inefficiency. D. the principle of limited and bundled choice.
Refer to the above table. Real GDP in 2017 is
A. 500. B. 190.8. C. 524.1. D. 477.
A chain-weighted index
A) calculates changes in prices by using an average of base years from neighboring years to obtain a more accurate measure of real GDP growth. B) is used to understate the rate of inflation. C) is a useful tool for determining which fence to purchase. D) uses neighboring years' data to calculate changes in nominal GDP.