Author Question: Which of the following is an example of roundabout production? a. Paul pays Ringo to wash his car. ... (Read 111 times)

debasdf · **on:** Jun 30, 2018

Which of the following is an example of roundabout production?
a. Paul pays Ringo to wash his car.
b. A church has a bake sale to raise money for a new narthex.
c. Jane saves her money to buy a stereo.
d. Robinson Crusoe makes a fish net to help him catch more fish per day.
e. Business owners in Minneapolis buy blocks of Minnesota Twins baseball tickets to help guarantee that the team will stay in town.

Question 2

According to some economists, the protection granted to infant industries should be
a. terminated after one year.
b. for new firms that eventually would develop significant economies of scale in their production processes
c. restricted to firms that face little competition
d. based on current absolute advantage
e. permanent