Which of the following is a major argument of trade pessimists?
(a) Increased productivity of developed country agriculture.
(b) Increased efficiency in industrial use of raw materials.
(c) Protectionism against labor-intensive manufactures.
(d) All of the above.
D
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An increase in inflation in the United States relative to the rate in France would make:
A. U.S. goods relatively less expensive in the United States and in France. B. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France. C. French goods relatively more expensive in the United States and in France. D. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.
If V is constant and Y is fixed, any change in M
A) leads to a smaller change in P. B) leads to a proportionate change in P. C) leads to a larger change in P. D) does not lead to change in P.
A direct cost of public debt is:
A. it can pay for investments that will lead to economic growth in the long run. B. the interest the government has to pay to the people it has borrowed from. C. it allows the government to be flexible when something unexpected happens. D. All of these are costs to holding public debt.
Exhibit 1A-1 Straight line
In Exhibit 1A-1, the slope of straight line AB is:
A. positive. B. zero. C. negative. D. variable.