« previous next »

Author Question: An assumption behind the infant-industry argument for tariff protection is that A) foreign ... (Read 100 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
An assumption behind the infant-industry argument for tariff protection is that
 
  A) foreign competitors are selling output below average cost.
  B) the domestic industry will be facing an upward adjustment in its average cost.
  C) the domestic industry will eventually gain a comparative advantage in producing the good.
  D) the market needs additional competition to satisfy consumer demand.

Question 2

A negative balance in the capital and financial account means the economy is
 
  A) lending to the rest of the world.
  B) running a capital account surplus.
  C) borrowing from the rest of the world.
  D) importing more than it is exporting.


lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Provisions of The Underwood-Simmons Tariff Provisions of The Underwood-Simmons Tariff
Measuring the Head Circumference of an Infant or Small Child Measuring the Head Circumference of an Infant or Small Child
Adult, Child, and Infant CPR Standards Cont Adult, Child, and Infant CPR Standards Cont
Protection of vulnerable areas in the ocean Protection of vulnerable areas in the ocean
Adjustments of the Infant at Birth Adjustments of the Infant at Birth
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library