For which of the following workers would the substitution effect be more likely to outweigh the income effect of an increase in wage?

When market price is higher than the equilibrium price, a surplus is created. This will put downward pressure on price, causing quantity demanded to increase and quantity supplied to decrease until equilibrium is reestablished

Indicate whether the statement is true or false

Trade adjustment assistance:

A. helps workers dislocated by international trade without erecting barriers that impede foreign trade. B. subsidizes new firms trying to compete in international markets. C. protects domestic jobs by reducing imports. D. establishes a series of gradually loosened import quotas so that domestic firms have time to improve their international competitiveness or transition to new markets.