All of the following are arguments in favor of restricting trade EXCEPT
A) comparative advantage.
B) protecting domestic jobs.
C) protecting emerging industries.
D) dumping.
Answer: A
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Refer to the table below. Corey's opportunity cost of delivering of a pizza is making: Pizzas MadePer HourPizzasDeliveredPer HourCorey126Pat1015
A. 2 pizzas. B. 12 pizzas. C. 1/2 of a pizza. D. 6 pizzas.
What happened to the so-called Asian tigers in the 1960s and 1970s?
a. They underwent a period in which their economies turned into mild communism. b. The literacy rates of these countries declined in this time period (that is, a smaller percentage of the people could read). c. They all became part of the First World. d. They became the most technologically advanced countries in the world. e. They underwent the process of opening their economies and experienced rapid economic growth.
Since its creation, what government entity has greatly reduced the number of bank failures by helping other banks take over the liabilities and assets of troubled banks, and thereby preventing loss of depositor funds?
a. the Federal Deposit Insurance Corporation b. the Federal Trade Commission c. the Federal Open Market Committee d. the Department of Commerce
Which fundamental economic question requires society to choose the technological and resource mix used to produce goods?
A. The What to Produce question. B. The Why to Produce question. C. The How to Produce question. D. The For Whom to Produce question.