Protectionism saves jobs in both the specific industry being protected, as well as in other unprotected industries
a. True
b. False
Indicate whether the statement is true or false
False
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Those from across the spectrum of political views tend to approve of markets because
A. markets are effective in solving many of society’s problems. B. markets work well in all cases and can be relied upon to solve problems. C. their goals are similar enough that they can rely on the same means. D. production is the most important goal, and market systems are very productive. E. All of these perspectives listed in these responses are correct.
People add to their stock of human capital
A) by being lucky. B) by currying favor with powerful people. C) by going to school. D) by practicing their skills. E) in all of the above ways.
One of the major issues that arose during the Doha round of negotiations involved complaints by ________ about ________
A) developing countries; agricultural subsidies. B) manufacturers; intellectual property C) industrialized countries; enforcement of contracts D) Eastern European countries; European Union tariffs E) South and Central American countries; domestic content requirements
Goods that are not rival in consumption, but are excludable are:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.