In a December 2007 New York Times Column Paul Krugman

question 10

Multiple Choice

In a December 2007 New York Times column Paul Krugman argued in favor of

• A)protectionism based on the national-security argument.
• B)protectionism based on the infant-industry argument.
• C)protectionism based on the unfair-competition argument.
• D)keeping world markets relatively open.

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Definitions:

Farm Incomes

The earnings from agricultural activities, considered the totality of revenues minus costs for those engaged in farming.

Farm Prices

refer to the prices of agricultural products at the farm level, influenced by factors such as supply, demand, and agricultural policies.

Farm Income

The earnings obtained from agricultural activities and operations, including crop sales, livestock sales, and government subsidies.