Refer to Figure 18.4. With a tariff or quota, what is the equilibrium quantity of gloves in Duckland?

Which legislation would U.S. labor unions support?

a. legislation to eliminate all restrictions on immigration b. legislation to increase direct foreign investment in the United States c. legislation to ease rules on immigration d. Labor unions would support all of these measures.

Given the desire of politicians to get reelected, they might try in the short run to use _____

a. a contractionary monetary policy b. an expansionary fiscal policy c. an expansionary monetary policy d. tax increases e. automatic stabilizers to control demand