In a 2007 New York Times Article Paul Krugman Wrote

question 17

Multiple Choice

In a 2007 New York Times article Paul Krugman wrote that

• A)the infant-industry argument works well as an argument in favor of protection for the U.S.steel industry.
• B)the negative effects of third world exports on U.S.wages may be increasing.
• C)there are social gains to the U.S.from free trade.
• D)high wage countries account for a growing share of U.S.imports of manufactured goods.

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Pollution Free

A condition or process that does not emit harmful pollutants into the environment.

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The monetary value attributed to residential dwellings, often influenced by location, size, amenities, and market conditions.

Monopolies

Market situations in which a single company or entity has exclusive control over the supply of a particular good or service.

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Financial gain experienced by a business when the total revenue exceeds the total costs and expenses incurred in producing goods or services.