What is the relationship between imports and employment?
What will be an ideal response?
There is no causal link between imports and unemployment. In many cases unemployment falls when imports increase. Industries that have lost the most employment over the last forty years have been industries that were protected by tariffs and quotas. Protecting one industry usually means some export industry will see a decline.
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Refer to the above graph. The profit-maximizing monopolist shown sets its output at:
A. 0Y. B. 0X. C. 0T. D. 0V.
Which of the following is a reason why some firms do not use commission pay?
A) The best workers stay and less productive workers leave. B) It is difficult to measure the output and attribute output to a particular worker. C) It gives workers incentive to produce more. D) It increases firm profits.
With a managed float, monetary disequilibrium is eliminated through
A) international reserve flows. B) exchange rate changes. C) international reserve flows and exchange rate changes. D) None of the above.
Taxation allows the government to redistribute income from higher income earners to those with lower incomes
Indicate whether the statement is true or false