A reduction in the tariff on imported steel would most likely benefit
a. workers in the steel industry
b. the domestic consumers of steel.
c. the domestic producers of steel.
d. foreign producers at the expense of domestic consumers.
b
Economics
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The backward-bending supply curve of labor applies to _____
a. individuals b. groups c. the economy as a whole d. theoretical models
Economics
Answer the following questions true (T) or false (F)
1. Examining the conditions that could lead to inflation in an economy is an example of a microeconomic topic. 2. Suppose that to move more people off the wait list for organ donations, surgeons and hospitals are developing a market for organ swapping. This is an example of a macroeconomic topic. 3. Examining the conditions that could lead to economic growth is an example of a macroeconomic topic.
Economics