Author Question: Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in A) ... (Read 105 times)

jayhills49 · **on:** Jun 30, 2018

Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in

A) how strategic planning may backfire and cause a large waste of resources.
B) how externalities may be successfully exploited by protectionist policies.
C) how excess returns may be successfully exploited by protectionist policies.
D) how government intervention may create a meaningful comparative advantage.
E) how monopolies can outlast government intervention.

Question 2

How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.25 dollars per one British pound?

A) 50 dollars
B) 60 dollars
C) 70 dollars
D) 62.5 dollars
E) 40 British pounds