Suppose that American firms claim that protectionism in Canada is on the rise as the Canadian government attempts to protect its infant industries. This protectionism will cause the greatest harm to
A) Canadian manufacturers. B) manufacturers who export to Canada.
C) the Canadian government. D) Canadian consumers.
B
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For a 3-year simple loan of $10,000 at 10 percent, the amount to be repaid is
A) $10,030. B) $10,300. C) $13,000. D) $13,310.
The absolute poverty line looks at _____________, and the relative poverty line captures ____________
A. who cannot afford the basic necessities; what people can afford compared to those around them. B. what people can afford compared to those around them; who cannot afford the basic necessities. C. the percentage of the population that falls within the lowest quartile of income earners; the percentage of the population that earns 40 percent less than the median income. D. the percentage of the population that falls within the lowest quartile of income earners; what people can afford compared to those around them.
If the Federal Reserve Banks goal was to use open market operations to contract the economy it could move from:
A. MS1 to MS3
B. MS3 to MS4
C. MS4 to MS3
D. MS2 to MS3
In the above figure, the perfectly competitive firm's shutdown point is at a price of
A) $4 per unit. B) $8 per unit. C) $12 per unit. D) $16 per unit.