True or False? Explain.
1. T /
F The specificity
rule says that tariffs are usually not the best way of curing
distortions in a country’s economy.
2. T /
F National defense
and national pride arguments for protection are basically
second‑best.
3. T /
F If “learning by
doing” means that more production now translates into lower costs
later, the best policy is a protective tariff.
4. T /
F “Learning by
doing” is what...