During a Stormy Meeting of Computer Software Firms, Several Company

question 179

Multiple Choice

During a stormy meeting of computer software firms, several company presidents said that without tariff cushions, many of them would go broke.They represent a new industry that needs protection until their firms grow to a size that will allow them to be competitive.Their comments are based on the

• A) infant-industry argument.
• B) goal of equalising the nation's balance of payments.
• C) national self-sufficiency argument.
• D) goal of protecting the health of citizens.
• E) goals of retaliating for another nation's trade restrictions.

Comprehend the enforcement of U.S. court judgments abroad and the principles affecting such enforcement.

Distinguish between confiscation and expropriation in international law.

Recognize the extraterritorial application of U.S. laws, including antitrust laws to protect foreign consumers and competitors.

Understand the responsibility of U.S. government agencies in space operations compliance with domestic and international law.

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to trade one good for another while maintaining the same level of utility.

Pareto Optimal

An arrangement of resources where it is unworkable to elevate any person’s or preference's state without concurrently depreciating another’s.

Blue Price

This term does not have a widely recognized definition and could refer to specific market jargon or a particular pricing strategy.

Ambrosia

In Greek mythology, ambrosia is considered the food or drink of the gods, often depicted as conferring longevity or immortality upon whoever consumed it.