Tariffs tend to escalate with stages of processing

Indicate whether the statement is true or false

TRUE
Explanation: This can be explained by the notion that governments are acting to preserve effective levels of protection for all sectors of the economy.

Economics

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The more substitutes that are available for a product, the more elastic the demand for that product is.

a. true b. false

Economics

A deferred payment scheme is more likely to be accepted by a worker if

A) the firm has a reputation of not firing senior employees to save pension costs. B) the worker is very young. C) the worker is very old. D) None of the above.

Economics