journal article
Retrospectives: Challenges to Free TradeThe Journal of Economic Perspectives
Vol. 5, No. 2 (Spring, 1991)
, pp. 201-208 (8 pages)
Published By: American Economic Association
//www.jstor.org/stable/1942693
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Journal Information
The Journal of Economic Perspectives (JEP) attempts to fill a gap between the general interest press and most other academic economics journals. The journal aims to publish articles that will serve several goals: to synthesize and integrate lessons learned from active lines of economic research; to provide economic analysis of public policy issues; to encourage cross-fertilization of ideas among the fields of thinking; to offer readers an accessible source for state-of-the-art economic thinking; to suggest directions for future research; to provide insights and readings for classroom use; and to address issues relating to the economics profession. Articles appearing in the journal are normally solicited by the editors and associate editors. Proposals for topics and authors should be directed to the journal office.
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Once composed primarily of college and university professors in economics, the American Economic Association (AEA) now attracts 20,000+ members from academe, business, government, and consulting groups within diverse disciplines from multi-cultural backgrounds. All are professionals or graduate-level students dedicated to economics research and teaching.
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59.One of the main reasons why many economists remain critical of the infant industry argument isits reliance on the assumption that:A.protection of manufacturing from foreign competition is harmful.B.absolute advantage cannot sustain productivity of an industry.C.foreign firms too come under the definition of infant industry when they newly enter a foreignmarket.D.firms are unable to make efficient long-term investments by borrowing money from thedomestic or international capital markets.E.foreign competition will eventually cause domestic firms to improve the quality of theirproducts.
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60.Which of the following is a major reason why many economists remain critical of the infantindustry argument?
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61.A government should use subsidies to support promising firms that are active in newly emergingindustries, according to:
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62.According to Paul Krugman, a country that attempts to use strategic trade policy to establish adomestic firm in a dominant position in a global industry, is most likely to:
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