Jobs in the U.S. textile industry can be saved by imposing tariffs upon textiles imported into the U.S., but the cost to U.S. consumers is estimated to be approximately
A. $49,000 annually per job saved.
B. $23,000 annually per job saved.
C. $94,000 annually per job saved.
D. $148,000 annually per job saved.
Answer: D
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To close a recessionary gap, the Fed ________ interest rates which ________ aggregate spending and ________ short-run equilibrium output.
A. reduces; increases; decreases B. raises; decreases; increases C. raises; decreases; decreases D. reduces; increases; increases
Using the data in the above table, if the price of an hour of labor is $20 and the price of a unit of capital is $10, then the most economically efficient technique for producing 100 sweaters is
A) A. B) B. C) C. D) D.
Refer to Figure 13-13. What is the profit maximizing output level?
A) Q1 units B) Q2 units C) Q3 units D) Q4 units
Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade agreements?
What will be an ideal response?