chyeaaahh3
New member
1. All other things being equal (consumption spending, investment spending, and government spending don't change), if the level of a nations imports increase while its exports remain unchanged:
a) GDP will increase
b) GDP will decrease
c) GDP will be unchanged
d) GDP could increase, decrease, or be unchanged
2. For a developing nation, which of the arguemnts for protection would be justified:
a) infant industry argument
b) military self-sufficiency argument
c) increase domestic employment argument
d) diffusion of technology argument
3. Which of the following arguments for protection would b e justified for the US:
a) infant industry argument
b) military self-sufficiency argument
c) increase domestic employment argument
d) diffusion of technology argument
a) GDP will increase
b) GDP will decrease
c) GDP will be unchanged
d) GDP could increase, decrease, or be unchanged
2. For a developing nation, which of the arguemnts for protection would be justified:
a) infant industry argument
b) military self-sufficiency argument
c) increase domestic employment argument
d) diffusion of technology argument
3. Which of the following arguments for protection would b e justified for the US:
a) infant industry argument
b) military self-sufficiency argument
c) increase domestic employment argument
d) diffusion of technology argument