Protectionism
A) is the use of cheap labor to protect firms from paying high wages.
B) refers to the use of copyright and trademark laws to protect inventors and artists from losing the rights to their creative efforts.
C) is the use of trade barriers to protect domestic firms from foreign competition.
D) refers to reductions in tariffs and other barriers that protect consumers from paying high prices.
C
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Which of the following did not contributed to the overall decline in death rates in the United States since 1981?
A) the availability of new prescription drugs B) the decline in the population C) new surgical techniques D) a decline in smoking
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How can the actual budget deficit rise and the cyclically adjusted budget deficit fall?
Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450. When autonomous consumption expenditure falls to 400, total planned expenditure (equals total output) is 13,800
The marginal propensity to consume is ________. A) 0.89 B) 0.75 C) 0.99 D) 0.44 E) 0.03