Which of the following is an explanation for the existence of trade restrictions?
A) Tariffs generate revenue for the government.
B) rent seeking
C) inefficient quotas
D) Both answers A and B are key explanations.
D
Economics
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New technology that increases labor productivity will
a. lower the wage rate b. decrease the demand for labor because fewer workers are needed c. decrease the supply of labor because fewer workers are needed d. increase the demand for labor because the MPP curve shifts to the right e. decrease the demand for labor because the MPP curve shifts to the left
Economics
Life expectancy in the U.S.:
a. is the highest in the world b. is the lowest in the world c. ranks about 100th in the world d. ranks about 40th in the world
Economics