Several arguments for restricting trade have been advanced. Those arguments do not include
a. the jobs argument.
b. the protection-as-a-bargaining-chip argument.
c. the no-deadweight-loss argument.
d. the infant-industry argument.
c
You might also like to view...
Explain how selling costs in monopolistic competition affect the efficiency of monopolistic competition
What will be an ideal response?
When disposable income is 2000, C is
A. 2000.
B. 2200.
C. 2400.
D. 2600.
Which of the following events in U.S. history did not create economic growth (shift the production possibilities curve outward)?
A. The Louisiana Purchase in 1803 that nearly doubled the land mass of the United States. B. Inventions of machines such as Cyrus McCormick's mechanical reaper. C. The introduction of the moving assembly line in automobile production by Henry Olds. D. The dramatic reduction in the U.S. unemployment rate from 1939 to 1941 as we prepared to enter World War II.
Average fixed cost is defined as:
A. total variable cost divided by quantity. B. quantity divided by total variable cost. C. the change in total variable cost divided by the change in quantity. D. total fixed cost divided by quantity.