The argument that with initial protection an industry will eventually become competitive is called the
A. strategic bargaining argument.
B. the trade adjustment assistance argument.
C. infant industry argument.
D. national security argument.
Answer: C
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If a person without a job is not actively looking for work, that person is classified as not being in the labor force
Indicate whether the statement is true or false
In the above figure, 300,000 purses per month is
A) the efficient amount to produce because at 300,000 purses marginal social benefit equals marginal social cost. B) the efficient amount to produce because at 300,000 purses marginal social benefit is greater than marginal social cost. C) an inefficient amount to produce because at 300,000 purses marginal social benefit equals marginal social cost. D) an inefficient amount to produce because producing 500,000 purses sets the marginal social benefit equal to zero.
A stockholder's ownership of a company's stock gives her the right to
A) vote and be the primary claimant of all cash flows. B) vote and be the residual claimant of all cash flows. C) manage and assume responsibility for all liabilities. D) vote and assume responsibility for all liabilities.
According to the law of demand
A) people buy more of a good when the price rises. B) people buy more of a good when their income rises. C) people buy more of a good when the relative price rises. D) people buy more of a good when the price falls.