Many countries impose tariffs or quotas to protect the domestic industry from competition

With high inflation ________

A) stock market investors are always worse off than consumers and households B) producers are always worse off than consumers C) creditors are always worse off than debtors D) all of the above E) none of the above

When drawn against the current real wage, the labor demand curve is

A) upward sloping because the marginal product of labor rises with the quantity of labor employed. B) upward sloping because the marginal product of labor declines with the quantity of labor employed. C) downward sloping because the marginal product of labor rises with the quantity of labor employed. D) downward sloping because the marginal product of labor declines with the quantity of labor employed.