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Author Question: Which of the following is a partially valid economic argument for restricting free trade? a. ... (Read 116 times)

yoroshambo

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on: Jun 30, 2018
Which of the following is a partially valid economic argument for restricting free trade?
 a. Restrictions on foreign trade will increase employment and permanently reduce unemployment.
  b. Removal of restrictions that have existed for years will initially cause inflation.
  c. Infant industries need permanent protection to develop and gain productive efficiency.
  d. A nation needs to protect industries that are vital to national defense in case of future international conflict.

Question 2

Which of the following groups analyzes federal budgets proposals?
 a. The Council of Economic Advisors.
  b. The Office of Management and Budget.
  c. The Congressional Budget Office.
  d. The House and Senate Budget Committees.


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BAOCHAU2803

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

d

Answer to Question 2

c


yoroshambo

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Reply #2 on: Jun 30, 2018
Thank you


BAOCHAU2803

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Reply #3 on: Jun 30, 2018
No problemo


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