Author Question: One of Daniel's classmates most likely counters Daniel's argument with which of the following ... (Read 115 times)

penza · **on:** Jul 7, 2018

One of Daniel's classmates most likely counters Daniel's argument with which of the following statements?

A) Restrictions on exports would lead to higher prices and possibly inflation.
B) Exporting firms would lose money due to the limited number of foreign consumers.
C) Consumers would be harmed by high prices and the lack of product choices.
D) Labor unions would demand higher wages and unemployment would increase.

Question 2

Value-Mart has achieved the status of overall low-cost producer in its industry, which means that Value-Mart ________.

A) can strongly defend its market position in the event of a price war
B) will earn the largest profits of any company in the industry
C) makes the most appealing product in its industry
D) can block the entry of new firms into the industry