The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 14

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-The infant industry argument is that:

• A)those industries that produce products for infants should be protected.
• B)developing industries should be allowed to face foreign competition.
• C)protectionism should be used to create a level playing field for the domestic firms to compete with foreign firms.
• D)protectionism promotes complete specialization in the country on the basis of comparative advantage.
• E)new industries should be protected from foreign competition until they have had adequate time to develop.

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Definitions:

Authorization Cards

Cards signed by workers indicating their desire to form or join a labor union, often part of the process to hold a union certification election.

Shop Steward

The shop steward, an elected position in a local union, is a regular employee who functions as a liaison between union members and supervisors.

Export Jobs

Positions or employment opportunities created when domestic companies produce goods or services for consumption outside the domestic market, contributing to the national economy.

Legislative Activities

Actions or efforts undertaken to influence the introduction, enactment, or modification of legislation.