What does a successful protective tariff do?
(a) It forces foreign manufacturers to pay higher wages.
(b) It re-enforces competition.
(c) It creates an "economic rent" that goes to the competing domestic industries producing the
taxed imported goods.
(d) It mandates accelerated technological advance in the domestic economy.
(c)
Economics
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Slaves were expensive factors of production in comparison to free labor. Which of the following was not a cost to slave labor?
(a) Food (b) Clothing (c) Wages (d) Medical care
Economics
According to Table 6.1, there are less than one million heads of households who worked full-time year round and were poor
Indicate whether the statement is true or false
Economics