Higher protection raises the overall level of employment
Indicate whether the statement is true or false
FALSE
Explanation: Protection tends only to redistribute jobs.
You might also like to view...
If actual inflation is less than expected inflation, what is the relationship between the actual real wage and the expected real wage?
A) The actual real wage is higher than the expected real wage. B) The actual real wage is lower than the expected real wage. C) The actual real wage is equal to the expected real wage. D) The relationship between the actual real wage and the expected real wage cannot be predicted.
Which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution (MRTS)?
A) oil and natural gas B) sugar and high fructose corn syrup C) computers and clerks D) keyboards and computers