Frederic Bastiat and Adam Smith both presented cogent arguments
A. for protection of infant industries.
B. for protection against trade with countries that had low wages.
C. for protection for industries important to national defense.
D. for free trade.
D. for free trade.
You might also like to view...
Refer to the table above. When the price is ________ and the quantity is ________, social surplus is maximized
A) $8; 5 units B) $6; 4 units C) $4; 4 units D) $2; 8 units
In the Harrod-Domar growth model, if 12.5% of income is saved, the incremental capital output ratio is 2.5 and the rate of depreciation is 4%, what is the implied rate of growth?
What will be an ideal response?
Automatic stabilizers are provisions in the law that create automatic ________ in government spending or ________ in taxes when real output declines.
A. increases; decreases B. increases; increases C. no change; no change D. decreases; decreases
The new growth theory of economic growth examines the interaction of
A. resources and labor productivity. B. regulations and capital expansion. C. labor and population. D. technology, research, and innovation.