This early American argued that nations must temporarily close themselves to outside trade in order to develop their own industries, also known as the “infant-industry argument”

Cash transfers for those who lose their jobs and actively seek employment

Unemployment that fluctuates with the business cycle, increasing during contractions and decreasing during expansions

64. In the above graph, we can see that the Great Depression caused a 

When a nation is in the early stages of economic development, it is wise for that nation to invest its money in       

Worker productivity depends on all of the following EXCEPT:

Society’s understanding of the best ways to produce goods and services

  62. In the above graph, a shift of the Per-Worker Production Function from PF to PF’ is most likely the result of

Macroeconomic policy that focuses on shifting the aggregate demand curve as a way of promoting price stability

In Asia, the country which set the example of how rapid economic development could take place if careful planning and resource allocation occurred (during the last half of the 20thcentury) was