Which of the following is one of the arguments for tariffs?

a. encouraging dumping
b. protecting against dumping
c. managing exchange rates
d. managing interest rates

b. protecting against dumping

Economics

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If the price of a product increases, we would expect

A) the level of demand to decrease. B) quantity supplied to increase. C) the level of supply to increase. D) an increase in quantity demanded.

Economics

Which of the following statements concerning the supply of labor is true?

a. The wage rate has no effect on the supply of labor. b. The labor supply curve is downward sloping. c. The supply of labor is determined by the prevailing wage rate. d. The typical labor supply curve is upward sloping.

Economics