Protection of an infant industry should be withdrawn once that industry:
a. charges the same price as foreign competitors.
b. goes public on the stock exchange.
c. raises a large amount of sales revenue.
d. achieves sufficient size to compete with foreign firms.
e. earns enough profit as a result of the subsidies to remain in business.
Question 2
Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these numbers, we can conclude
a. the U.S. has a comparative advantage in the production of cars.
b. France has a comparative advantage in the production of wine.
c. the U.S. has a absolute advantage in the production of wine.
d. all of the above are conclusions are correct.
Infant Mortality Rates Worldwide
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
"The Department of Agriculture came out today with its prediction for food price
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...