The (false) idea that an industry should be protected because of learning-by-doing until it is large enough to compete successfully in world markets is the ________ argument for protection
A) cheap foreign labor
B) infant industry
C) dumping
D) comparative advantage
B
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Because the value of the euro is determined by factors that affect the entire euro zone, during the recession of 2007-2009, individual countries using the euro
A) were able to use expansionary monetary policy to lessen the impact of the recession. B) were unable to have their exchange rates depreciate. C) were more insulated from unemployment increases than most countries. D) experienced a greater increase in exports than did most countries.
The slope of the Phillips curve in the United States was smallest during which period?
A) 1985-2012 B) 1970-1984 C) 1947-1969 D) 1776-1800
By 1913, the dominant method of making basic steel was the open-hearth furnace
Indicate whether the statement is true or false
In the IO perspective, it is important to enter an industry with
a. High barriers to entry b. High buyer power c. High supplier power d. All of the above