The argument that import restrictions save jobs and promote prosperity fails to recognize that
a. there are no secondary effects of import restrictions.
b. import restrictions will lower prices in the protected industries.
c. import restrictions cannot create jobs in any industries.
d. U.S. imports provide people in other countries with the purchasing power required for the purchase of U.S. exports.
D
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Refer to the scenario above. Suppose you decide to buy a Toyota Corolla. You value the car for $10,000. You don't know it, but the car dealer values it for $8,500
If you have a zero value for poor-quality cars, what is the most that would you be willing to pay for the car? A) $3,000.50 B) $6,666.67 C) $10,000 D) $5,000
A bank holds its reserves as ________ and ________
A) securities; loans B) vault cash; deposits at the Federal Reserve C) vault cash; loans D) securities; deposits at the Federal Reserve
Refer to Scenario 1 . If this economy is currently producing 30 crabs and 40 fish how is it possible for it to produce more of both?
What will be an ideal response?
_________ occurs when people are so busy doing things they cannot plan or lead effectively
a. Task duration b. Task limitation c. Task saturation d. Task surrender