As a result of a quota, both consumers' surplus and producers' surplus fall
Indicate whether the statement is true or false
False
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Protectionist policies are designed to help domestic producers by making imported goods more costly or difficult to obtain
Indicate whether the statement is true or false
When a worker quits a job to look for a better job
A) structural and cyclical unemployment increase. B) structural unemployment decreases. C) cyclical unemployment increases. D) frictional unemployment increases.
Given a fixed amount of time, a decision to supply labor or not is simultaneously a decision to
a. demand goods and services or not. b. demand leisure or not. c. supply capital and land or not. d. supply leisure or not.
If interest rates rise, there will be a(n):
a. Increase in the asset demand for money b. Increase in the total amount of money demanded c. Decrease in the total amount of money demanded d. Decrease in the total amount of money supplied