Almost all economists support protectionist policies because protection
A) saves jobs.
B) prevents rich countries from exploiting poorer countries.
C) is a good way for governments in developed nations to raise revenue.
D) Economists would not support any of the above reasons.
D
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Suppose that savers become much more willing to purchase a certain type of municipal bond. The result will be that the bond's price will
A) fall relative to the price of U.S. Treasury securities but rise relative to the price of corporate bonds. B) rise relative to the price of U.S. Treasury securities but fall relative to the price of corporate bonds. C) rise relative to the prices of U.S. Treasury securities and corporate bonds. D) fall relative to the prices of U.S. Treasury securities and corporate bonds.
Answer the following statements true (T) or false (F)
1) Conditional sales are always illegal per se under the Clayton Act. 2) Exclusive dealing contracts and requirements contracts have both procompetitive and anticompetitive motivations. 3) Exclusive dealing contracts and requirements contracts are illegal per se. 4) Exclusive dealing contracts and requirements contracts are procompetitive as they encourage advertising. 5) Section 3 of the Clayton Act prevents an individual from sitting on the boards of directors of two competing firms.
If the price level rises by 4 percent and workers' money wage rates increase by 2 percent, then the
A) quantity of labor supplied decreases. B) quantity of labor supplied increases. C) quantity of labor supplied does not change because there is no change in the real wage rate. D) the supply curve of labor shifts rightward.
The purchase of a new automobile is included in
A) consumption expenditures on services. B) consumption expenditures on nondurable goods. C) consumption expenditures on durable goods. D) investment expenditures.