When colluding oligopolists meet and formally agree on mutually beneficial strategies this is called

Which of the following is an effective counter argument to the claim that protectionism saves domestic jobs?

A) Protectionism eliminates domestic jobs in export industries. B) Imports create jobs in this country for people selling and servicing imported items. C) The cost of saving domestic jobs through protectionism may be high. D) all of the above

If U.S. consumers become more optimistic about their future income and wealth, the consumption function will shift upward

a. True b. False Indicate whether the statement is true or false