A flawed argument for protection from foreign trade is that

i. tariffs save domestic jobs.
ii. tariffs protect the national culture.
iii. quotas bring about diversity and stability.
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii

E

Economics

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In the above figure, the relationship between income and expenditures is

A) positive. B) negative. C) independent. D) random.

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Keynesians argue that velocity is

A) equal to the inflation rate. B) equal to one. C) negative. D) unpredictable.

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