A protective tariff will:
A. increase the sales of foreign exporters.
B. increase the price and sales of domestic producers.
C. increase the welfare of domestic consumers.
D. create an efficiency gain in the domestic economy.
B. increase the price and sales of domestic producers.
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The largescale labor migration that occurred during 1870 to 1913 from Europe to America ____ wages in the destination nations and ____ wages in the source nations, thus leading to _____ of wages between the regions.
a. lowered; raised; convergence b. raised; raised; divergence c. lowered; lowered; divergence d. raised; lowered; convergence
If there is a surplus in the market for loanable funds, then the interest rate
a. rises, so national saving rises. b. rises, so national saving falls. c. falls, so national saving rises. d. falls, so national saving falls.