You are given the following budget data for a country that has both a central government and local governments. central purchases of goods: 500 local purchases of goods: 250 central transfer payments: 200 local transfer payments: 100 grands in aid (central to local): 150 central tax receipts: 800 local tax receipts: 150 interest received from private sector by central government: 25 interest received from private sector by local government: 10 total central government debt: 1500 total local government debt: 0 central government debt held by local governments: 300 nominal interest rate: 10% how much is the primary deficit for the central government?

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.