If an infant industry truly has a good chance to become competitive and produce profitably once it is well established, it is not at all clear that government should even offer protection to reduce short-run losses
a. True
b. False
Indicate whether the statement is true or false
True
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One of the results of the knowledge economy
A) is that content matters. B) is that the information content of a good can be distinguished from the physical product. C) is that the information content of a good cannot be distinguished from the physical product. D) is that the physical features of the product has become more important.
In her calculation of the cost of going to college, an economist would include the amount of forgone earnings over the years spent at college.
Answer the following statement true (T) or false (F)
If a share of stock in Skylight Chili sells for $75, the retained earnings per share are $5, and the dividend per share is $2, then the price-earnings ratio is 15
a. True b. False Indicate whether the statement is true or false
In periods when GDP fails to grow at its normal rate, the actual unemployment rate will be ________ than the natural rate of unemployment.
A. lower B. higher C. the same D. falling faster