Which of the following is the national security argument against free trade?
A) A country must protect firms from dumping by foreign companies.
B) A country must protect new industries to give them a chance to mature before facing foreign competition.
C) A country must protect its consumers from foreign influences.
D) A country must protect industries that produce defense equipment and armaments.
E) A country must preserve its jobs.
D
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Assume it is announced that a large number of new competitors have entered the market for mountain bikes, each offering a different model. Based on this information, this industry is best characterized as:
A) perfectly competitive. B) a monopoly. C) monopolistically competitive. D) an oligopoly.
What would make the demand for labor more elastic?
What will be an ideal response?
If coal prices are rising faster than the rate of interest, then
a. investors should buy coal instead of bonds. b. investors should buy bonds instead of coal. c. coal prices should be expected to fall. d. bond prices should be expected to rise.
One result of asymmetric information about people's ability to repay a loan is that:
A. loans will only be made to people who don't pay them back. B. a bank could make many loans to people who don't pay them back. C. lenders are better off than with perfect information. D. banks will not make loans.