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Author Question: Protection provided to the infant industries is rarely withdrawn because: a. the costs of ... (Read 111 times)

vicky

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on: Jun 30, 2018
Protection provided to the infant industries is rarely withdrawn because: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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


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vicky

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Reply #2 on: Jun 30, 2018
Correct answers!


asware1

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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