The figure above shows the U.S. production function. How would an increase in unemployment benefits be shown in the figure?
A) a movement from point C to point B
B) a movement from point A to point B
C) an upward shift or rotation of the production function
D) a downward shift or rotation of the production function
E) None of the above because the effects of an increase in unemployment benefits cannot be shown in the figure.
A
Economics
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Economists believe the most persuasive argument for protectionism is to
A) save jobs. B) protect high wages. C) protect national security. D) protect infant industries.
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