A possible reason a nation might impose a protectionist policy such as a tariff is to
A) encourage specialization in the good in which the nation has a comparative advantage.
B) protect an infant industry from foreign competitors.
C) increase the level of imports.
D) slow domestic production.
B
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Chinese restaurants that charge one price per customer for their buffet is an example of
a. Individual pricing b. Pure bundling c. Mixed Bundling d. None of the above
In the U.S., it is illegal for employers to interfere when workers try to organize unions
a. True b. False Indicate whether the statement is true or false
Economies of scale means that
A) the average fixed cost curve slopes downward over its entire range. B) the four-firm concentration ratio is below 80. C) the long-run average total cost curve slopes downward over it entire range. D) the long-run total cost curve slopes downward over it entire range.
How does the growth in the daily volume of foreign currency transactions compare with the growth rate of the global economy?
What will be an ideal response?