Television programming might be targeted for protection in a country using which of the following arguments?
A) Infant industry
B) National security
C) Need for retaliation
D) Labor argument
E) Cultural protection
E
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In an ultimatum game where the payoff totals $100 and is split in $1 increments, the rational amount for the proposer to offer and the responder to take is
A) $0. B) $1. C) $50. D) $100.
Markets work well for allocating ________ efficiently, but not always so well for allocating ________.
A. common resources; public goods B. public goods; common resources C. public goods; private goods D. private goods; public goods
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Refer to the above table. If the price is $6 the maximum profit this firm could earn is
A. $210. B. $420. C. $630. D. $414.