Many economists believe that the collapse of world trade and the ...

[laurencescou]

Many economists believe that the collapse of world trade and the depression in the 1930s were linked by a decrease in real income caused by producing on the basis of comparative advantage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is not an argument favoring tariffs?
 a. They help infant industries grow.
 b. They increase consumer surplus for domestic consumers.
  c. They reduce domestic unemployment.
 d. They are necessary for national security reasons.

[yasmin]

Answer to Question 1

False

Answer to Question 2

b