According to the infant industry argument for trade protectionism
A) new industries are capable of competing with established rivals.
B) trade barriers must be used to protect domestic workers.
C) new industries need to be shielded from competition in the early stages of learning by doing.
D) tariffs imposed to aid new industries should never be removed.
Question 2
If the money wage rate rises,
A) the AS curve shifts leftward.
B) there is a movement down along the AS curve.
C) there is neither a movement along or a shift in the AS curve.
D) the AS curve shifts rightward.
E) there is a movement up along the AS curve.
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The impact of industry and manufacturing on our life
Prove the argument using two column proof numbers 2 and 5 only.