Chapter 5: Outlines and Concept Maps
Lab Activity 22: Formal Outlines
 
Objective:
To outline major and minor details that support the central idea

arrow.gifStep 2: Refer to the college economics textbook passage in the Lab Manual to answer the following questions.


      6. "First, the national security argument against free trade contends that a country must protect industries that produce defense equipment and armaments and those on which the defense industries rely for their raw materials."

This statement is  

 
 
 
 


      7. "For example, there are huge productivity gains from learning-by-doing in the manufacture of aircraft."

This statement is 

 
 
 
 


      8. "The third argument for protection against free trade is dumping, which occurs when a foreign firm sells its exports at a lower price than its cost of production."

This sentence states  

 
 
 
 


      9. "But there are powerful reasons to resist the dumping argument for protection."

This sentence states  

 
 
 
 


      10. "Third, if a good or service were a truly global natural monopoly, the best way to deal with it would be by regulation—just as in the case of domestic monopolies."

This sentence states  

 
 
 
 







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