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Author Question: The infant-industry argument is used by those who assert they want to A) limit imports to protect ... (Read 55 times)

jjjetplane

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on: Jun 29, 2018
The infant-industry argument is used by those who assert they want to
 
  A) limit imports to protect new industries.
  B) increase exports to encourage growth of new industries.
  C) limit exports.
  D) increase imports to earn money to support new industries.
  E) encourage foreign firms to dump in the United States.

Question 2

Refer to the scenario above. The demand for Sporty's soccer balls is 1,250 units if ________.
 
  A) the price charged by Sporty is higher than the price charged by Go
  B) the price charged by Go is higher than the price charged by Sporty
  C) the price charged by Sporty is equal to the price charged by Go
  D) the price charged by Sporty is higher than the cost of production of each ball
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Mholman93

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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