High tariffs on intermediate inputs
A) increase the effective rate of protection on final goods.
B) have no impact on the effective rate of protection on final goods.
C) decrease the effective rate of protection on final goods.
D) lower the nominal rate of protection on final goods.
C
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The Keynesian consumption function and the theory of intertemporal choice are consistent for households ________
A) with a binding budget constraint B) with little or no initial wealth C) whose consumption remains positive, even if income is zero D) whose consumption cannot exceed current income
Which of the following will NOT shift the MRP curve for labor?
A) a change in the productivity of labor B) a change in the price of the product being sold C) a change in the wage rate in the market D) a change in the demand for the product being produced