Author Question: One reason why we might want to impose restrictions on free trade is to protect infant domestic ... (Read 98 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
One reason why we might want to impose restrictions on free trade is to protect infant domestic industry in the formative stages of development and thus unable to compete yet on world markets.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Using the aggregate expenditures model, if aggregate expenditures (aggregate demand) is 10 trillion and aggregate output is 10.3 trillion:
 a. businesses will accumulate inventories, and output will decline.
  b. real output will increase if the full-employment capacity of the economy is greater than 10.3 trillion.
  c. inflation will be a problem if the full-employment capacity of the economy exceeds 10.3 trillion.
  d. both b and c are correct.



manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

True

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

For a complete list of videos, visit our video library