Author Question: According to the infant industry argument for trade protectionism A) new industries are capable ... (Read 78 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
According to the infant industry argument for trade protectionism
 
  A) new industries are capable of competing with established rivals.
  B) trade barriers must be used to protect domestic workers.
  C) new industries need to be shielded from competition in the early stages of learning by doing.
  D) tariffs imposed to aid new industries should never be removed.

Question 2

If the money wage rate rises,
 
  A) the AS curve shifts leftward.
  B) there is a movement down along the AS curve.
  C) there is neither a movement along or a shift in the AS curve.
  D) the AS curve shifts rightward.
  E) there is a movement up along the AS curve.



chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

For a complete list of videos, visit our video library