Typically, labor unions favor trade restrictions because
a. the quality of imported goods that workers buy are poor.
b. the lower prices of the imported goods results in a decrease in the demand for domestic goods and the labor that produces them
c. foreign workers would have to be paid the same wage as domestic workers.
d. it means more revenue for the government.
e. the restrictions lower the prices of the imported goods that workers buy.
B
Economics
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The above figure shows the market for rice in Japan. S2 represents the domestic supply curve, and S1 represents the world supply curve. Suppose a free market exists. The smallest tariff necessary to completely eliminate imported rice is
A) $1 per unit. B) $2 per unit. C) $3 per unit. D) $4 per unit.
Economics
The largest U.S. welfare program is
a. Aid to Families with Dependent Children b. Medicaid c. Social Security d. unemployment compensation e. food stamps
Economics