The annual income that can be consumed without diminishing the total capital assets of a nation is

When a country establishes trade restrictions, domestic producers of goods that compete with imported goods

a. always lose in the short run b. always gain in the long run c. may lose in the long run if protection stifles innovation and leaves the industry vulnerable d. may gain in the short run because wages will fall in that industry e. usually lobby against such restrictions

Supply-side policy suggests that if we _______ taxes of workers, the _________ labor will increase, causing equilibrium wages to ________

a. raise, supply of, decrease b. cut, supply of, increase c. raise, demand for, increase d. cut, supply of, decrease