Which of the following is likely to cause the supply curve for steel window frames to shift to the right?
A) A decrease in the cost of production of steel due to a new subsidy
B) A fall in the number of steel window frame producers due to factory lockouts
C) A rise in the market price of steel window frames due to an increase in demand
D) An increase in the wages of labor working in steel firms due to demands by trade unions
A
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Import bans, import quotas, voluntary export restraints, and tariffs on goods all
A) increase imports and reduce prices for consumers. B) reduce imports and prices for consumers. C) reduce imports and raise prices for consumers. D) increase imports and raise prices for consumers.
The takings clause indicates that private property can be seized only if the property in question is being taken for public use. Does "public use" mean using seized property only for pure public goods and services? Explain your answer
What will be an ideal response?