Author Question: Protection provided to the infant industries is rarely withdrawn because: a. the costs of ... (Read 129 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
Protection provided to the infant industries is rarely withdrawn because:
 a. the costs of withdrawing protection outweigh the benefits.
  b. the industries begin to experience diseconomies of scale.
  c. it leads to a loss of government revenue.
  d. the industries produce goods which are close substitutes of the imported goods.
  e. the larger and more successful the industry becomes, the more political power it wields.

Question 2

Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of textiles. Great Britain: 3 bushels of wheat or 12 yards of textiles. From the data above, the United States
 a. has an absolute advantage over Great Britain in the production of textiles.
  b. has an absolute advantage over Great Britain in the production of wheat.
  c. has a comparative advantage in the production of textiles
 d. should export textiles to Great Britain.



asware1

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

e

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

vicky

  • Hero Member
  • *****
  • Posts: 586

asware1

  • Sr. Member
  • ****
  • Posts: 318

 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library