Putting a decision into action is called?

High-income industrial nations such as the United States and Japan tend to have their highest tariffs in

A) newer, high-technology manufacturing industries. B) capital-intensive, diversified manufacturing. C) agriculture, clothing, and textiles D) Both A and B. E) None of the above.

What effect does a compensated price change have on a consumer's well-being?

A. The consumer's well-being increases. B. The consumer's well-being decreases. C. The consumer's well-being is unaffected. D. The effect on the consumer's well-being cannot be determined without knowing the direction of the price change.