« previous next »

Author Question: An assumption behind the infant-industry argument for tariff protection is that A) foreign ... (Read 315 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
An assumption behind the infant-industry argument for tariff protection is that
 
  A) foreign competitors are selling output below average cost.
  B) the domestic industry will be facing an upward adjustment in its average cost.
  C) the domestic industry will eventually gain a comparative advantage in producing the good.
  D) the market needs additional competition to satisfy consumer demand.

Question 2

A negative balance in the capital and financial account means the economy is
 
  A) lending to the rest of the world.
  B) running a capital account surplus.
  C) borrowing from the rest of the world.
  D) importing more than it is exporting.


lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Hydrocephalus in an Infant Hydrocephalus in an Infant
Madonna and Child with St. Anne and Infant St. John the Baptist. Madonna and Child with St. Anne and Infant St. John the Baptist.
To clear an obstructed airway in an infant (A) use chest thrusts followed by (B) back blows. To clear an obstructed airway in an infant (A) use chest thrusts followed by (B) back blows.
Operator using personal protection equipment. Operator using personal protection equipment.
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Single-serve pods of infant formula Single-serve pods of infant formula
Video: Osteoporosis

For a complete list of videos, visit our video library