Author Question: Which of the following is not an argument used in favor of protectionism? a. To protect an infant ... (Read 61 times)

fahad · **on:** Jun 30, 2018

Which of the following is not an argument used in favor of protectionism?
a. To protect an infant industry.
b. To protect domestic jobs.
c. To preserve national security.
d. To protect against unfair competition because of cheap foreign labor.
e. To reduce prices paid by domestic consumers.

Question 2

When economists say that private investment is autonomous, they mean that it:
a. will never change.
b. is not dependent on the current level of disposable income.
c. is determined by the animal spirits of business decision makers.
d. is determined by the level of saving.