Tariffs and quotas are effective in protecting industry
a. but at very high cost per job saved.
b. and at very low cost per job saved.
c. but have not saved any jobs in the industries.
d. and do not distort the economy in the process.
a
Economics
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An increase in the monetary base that goes into ________ is not multiplied, while an increase that goes into ________ is multiplied
A) deposits; currency B) excess reserves; currency C) currency; excess reserves D) currency; deposits
Economics
For a given decrease in supply, the condition of demand that will result in the most significant change in price is when demand is
A. inelastic. B. elastic. C. perfectly elastic. D. perfectly inelastic.
Economics