Japan's protection of its semiconductor (RAM) producers is today ...

[jayhills49]

Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in
 
  A) how strategic planning may backfire and cause a large waste of resources.
  B) how externalities may be successfully exploited by protectionist policies.
  C) how excess returns may be successfully exploited by protectionist policies.
  D) how government intervention may create a meaningful comparative advantage.
  E) how monopolies can outlast government intervention.

Question 2

How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.25 dollars per one British pound?
 
  A) 50 dollars
  B) 60 dollars
  C) 70 dollars
  D) 62.5 dollars
  E) 40 British pounds

[Laurenleakan]

Answer to Question 1

A

Answer to Question 2

D

[jayhills49]

TYSM

[LVPMS]

Thanks for the timely response, appreciate it