One of the reasons economists approve of limiting trade would be

A. the preservation of a high-wage company.
B. the protection of national security.
C. the preservation of a high-employment company.
D. the preservation of a large-production company.

Answer: B

Economics

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Of the following items, which has the most inelastic demand?

A) food B) fruit C) apples D) Gala apples

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"The fewer the number of substitutes for a good, the more elastic the demand for that good." Is the previous statement true or false?

What will be an ideal response?

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