The argument that developing countries should nurture their domestic industries by protecting them from foreign competition is known as
A) preservation of the home market.
B) the escape clause hypothesis.
C) the earth destruction hypothesis.
D) institutional fair trade policy.
A
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Why do policymakers sometimes use policies to limit growth?
What will be an ideal response?
All of the following are true for the leader firm in a Stackelberg oligopoly with a linear demand and marginal cost except which one?
A) The leader earns more profit than the follower second firm. B) The leader earns more profit than if it operated in a Chamberlin oligopoly. C) The leader has first-mover advantage. D) The leader takes the follower second firm's best-response production into consideration when determining its output level.
In 2009, the top 1 percent of income earners
a. made about 13 percent of all income. b. paid about 22 percent of all taxes. c. made over 2.5 times the percentage of all income earned by the lowest quintile. d. All of the above are correct.
If the unit price of a product is P and buyers buy a given quantity Q, then sellers would collect total revenues equal to:
A. P x Q B. P + Q C. P - Q D. Q - P