This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Many economists criticize protectionism because it causes losses to consumers and eliminates jobs in ... (Read 36 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Many economists criticize protectionism because it causes losses to consumers and eliminates jobs in domestic industries that use protected products. Why, then, do some people support protectionism?
 
  A) Supporters of protectionism in high-income countries believe that wages will fall as a result of competition with firms from developing countries.
  B) Supporters of protectionism believe that free trade will lead to inflation.
  C) The criticisms of economists are based on theory. In fact, protectionism increases consumer and producer surplus as well as employment.
  D) Supporters of protectionism believe free trade will cause their countries to lose their comparative advantage.

Question 2

If a firm has implicit costs as well as explicit costs
 
  A) accounting profit will be zero.
  B) net income will always be greater than accounting profit.
  C) net income will always be less than accounting profit.
  D) economic profit will be less than accounting profit.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
Population Losses in the South, 1920–1930 Population Losses in the South, 1920–1930
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
How do men who work in traditionally feminine nurturng jobs and women who work in jobs that give ... How do men who work in traditionally feminine nurturng jobs and women who work in jobs that give ...
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Disruptive selection eliminates midrange forms of a trait Disruptive selection eliminates midrange forms of a trait
Video: Rods and Cones Animation

For a complete list of videos, visit our video library