A study published in 2002 compiled evidence that using protectionism to save an average job in the textile and apparel industry would cost how much money per job saved?
a. $10,000
b. $50,000
c. $100,000
d. $199,000
d. $199,000
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What do the classical growth theory and the new growth theory predict for global growth amongst different nations? Comment on the accuracy of the predictions
What will be an ideal response?
Suppose a single firm supplies all the ceramic windlasses in the U.S. The demand curve that firm faces is
a. elastic everywhere b. unit elastic everywhere c. inelastic everywhere d. perfectly inelastic everywhere e. elastic at the profit-maximizing quantity
One part of the explanation for the persistently high rates of unemployment in Western Europe is:
A. labor market rigidities. B. productivity growth. C. increases in labor supply. D. increases in labor demand.
American households spend about ____ of the average family budget on services, with the rest spent on goods.
A. one-half B. two-thirds C. one-quarter D. one-tenth