This topic contains a solution. Click here to go to the answer

Author Question: A basic problem with the infant-industry argument is that: a. most industries need protection when ... (Read 210 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
A basic problem with the infant-industry argument is that:
 a. most industries need protection when they are mature, not when they are first established.
  b. the amount of the tariff is unlikely to have much impact on the success of an infant industry.
  c. political pressure will likely prevent the withdrawal of the tariff when the industry matures.
  d. domestic consumers will continue to buy the foreign products anyway, regardless of the tariff.

Question 2

Autonomous consumption is consumption that:
 a. varies directly with disposable income.
  b. varies inversely with disposable income.
  c. is independent of the level of disposable income.
  d. is constant at first and then varies with disposable income.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

canderson530

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

c

Answer to Question 2

c





 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

For a complete list of videos, visit our video library