During the 1990s, deadweight losses per job saved through tariffs and quotas in the apparel industry
A) were greater than the wages earned in apparel jobs.
B) were small enough to ignore.
C) were less than the value of the jobs saved.
D) increased net national welfare.
A
Economics
You might also like to view...
When government outlays exceed tax revenue, the situation is called a budget
A) with a negative balance. B) deficit. C) surplus. D) debt. E) with no balance.
Economics
In the above figure, an increase in the expected profit will result in a movement from point E to
A) point F. B) point G. C) point H. D) point I.
Economics