A program of protection that results in preserving jobs in certain industries
A. raises average productivity in all sectors of the economy.
B. does so at very high cost to consumers of the products from those industries.
C. is an efficient way to preserve employment and is cheaper than other forms of maintaining full employment.
D. is an effective way of encouraging innovation and improvement in production.
Answer: B
Economics
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The long-run aggregate supply curve shifts right if
a. immigration from abroad increases. b. the capital stock increases. c. technology advances. d. All of the above are correct.
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