High protective tariffs
A. would be supported by most economists.
B. will become more likely if we do not reduce our trade deficit.
C. have very little support.
D. would definitely solve all our trade problems.
B. will become more likely if we do not reduce our trade deficit.
You might also like to view...
According to the figure above, the opportunity cost of producing another computer is
A) higher at A. B) higher at B. C) the same at every point along the frontier. D) different at most points along the frontier but equal at points A and B because they are equally distant from the axes.
An assistance program that reduces payments by less than a $1 for each $1 earned might still be a disincentive to work. But even assuming that people would prefer to work than to receive government assistance, what problem would still remain?
a. Those receiving both pay and government support would quickly become too wealthy to participate in the program. b. Phasing support out more slowly would cost the government more than phasing it out quickly. c. The working poor on government assistance would still never escape the poverty trap. d. Phasing out support more slowly would reward the undeserving poor and the deserving poor equally.
The demand for land is:
A. perfectly elastic. B. perfectly inelastic. C. upsloping. D. downsloping.
During a period when output and employment is falling, the government will try to:
A. Increase tax rates B. Increase interest rates C. Reduce government spending D. Stimulate borrowing and spending