Industries which receive government protection from trade pressures are likely to exhibit all of the following except
a) high levels of employment
b) low levels of productivity
c) a high proportion of unskilled workers
d) monopoly power
e) comparative advantage
e) comparative advantage
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Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. This would tend to cause the labor demand curve for citrus pickers to shift to the
A) left, increasing wages. B) right, increasing wages. C) left, decreasing wages. D) right, decreasing wages.
The supply of loanable funds comes from all the following, but:
A. businesses. B. individuals. C. government. D. borrowers.
Variance, Ltd decides to leave a market for 6 months and then reassess its operations. This is an example of a firm ______.
a. marginalizing efficiency b. allocating efficiency c. shutting down d. exiting the market
Senator Franklin told Senator Jefferson he would support her new bridge project if she would support his retirement funding bill. This is an example of ______.
a. rent seeking b. vertical equity c. logrolling d. gerrymandering