Protection provided to the infant industries is rarely withdrawn because: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.
Percentages of adolescents indicating Benefits and Costs of employment.
Testing Infant’s Understanding of Quantity
An infant lying in the crib, looking at the mobiles hanging above him.
Types of Respiratory Protection Devices
Single-serve pods of infant formula
A company that makes environmental measuring devices has calculated their revenue and costs as ...