Relative to an environment with free trade and no tariff, the winners from the tariff are the domestic ________, and the losers from the tariff are the domestic______. 
A. consumers of sugar and the government; producers of sugar
B. producers of sugar; consumers of sugar and the government
C. consumers of sugar; producers of sugar
D. producers of sugar and the government; consumers of sugar
Answer: D
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A budget line is the locus of all points representing every input combination of inputs that the producer can afford to buy with a given amount of money and given input prices
a. True b. False Indicate whether the statement is true or false
A nation that protects its workers from unemployment by limiting the use (by employers) of technological improvements will
a. grow more rapidly because the rate of unemployment will be lower. b. grow more rapidly because investors prefer a stable business environment rather than the uncertainties that accompany technological change. c. grow less rapidly because technological change is an important factor contributing to the growth of output. d. grow just as much as nations that adopt more rapidly technological improvements.