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|https://acconline.austi here, select then , and drag to the Favorites Bar folder. Or import from Maximum Feasible Hourly Pr For Bicycles Computers 8 10 font face-"Times New Roman">) Refer to the above table. If opportunity costs are constant, then the United States and Mexico will produce goods in which they havea comparative advantage and trade at a rate of exchange of O 0.1 computer for I bicycle. O 6 computers for I bicycle O I computer for I bicycle O 4 computers for I bicycle. QUESTION 46 The infant industry argument has a normative economic basis because O clearly, all industries need to be protected. O political corruption is the only deciding factor. O protected industries are selected on a factual basis. O the government must decide which industries should be protected QUESTION 47 One way tariffs differ from quotas is that O quotas produce revenues for the exporting country's government tariffs are applied only on raw materials. O tariffs produce no revenues but set limits on the imported items. DUfor the importing country's government.Explanation / Answer
Q46:
In normative economics we deal with public policy that goal at introducing economic fairness into the system. Thus it is on part of government to specify in its policy a fair deal for everyone. Thus the correct option is (c).
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