Author Question: The infant industry argument is based on the idea that: a. competitive pressure from established ... (Read 53 times)

bobthebuilder · **on:** Jun 30, 2018

The infant industry argument is based on the idea that:
a. competitive pressure from established foreign firms would encourage the infant industry's prospects for future growth.
b. failure to shelter these infant industries tends to lead to political instability.
c. small firms must be protected.
d. none of these.

Question 2

The vertical intercept of the consumption function that represents the portion of consumption expenditure not associated with a level of disposable income is known as:
a. zero income intercept.
b. disposable income intercept.
c. autonomous consumption.
d. automatic consumption line.