Author Question: According to the infant industry argument for trade protectionism A) new industries are capable ... (Read 108 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
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.



chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library