List four protectionist policies.
What will be an ideal response?
Protectionist policies include import bans, import quotas, voluntary export restraints, and tariffs.
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What will happen to the demand curve for tea workers if the price of tea increases, assuming all else equal?
A) There will be an upward movement along the demand curve for tea workers. B) There will be a leftward shift in the demand curve for tea workers. C) There will be a downward movement along the demand curve for tea workers. D) There will be a rightward shift in the demand curve for tea workers.
Explain how the short-run industry supply curve for a perfectly competitive market is derived
A typical indifference curve is upward sloping
a. True b. False Indicate whether the statement is true or false
The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of households called the
a. Census. b. Labor Survey. c. Survey of Economic Indicators. d. Current Population Survey.