Trade restrictions tend to preserve ________ in the protected industries and lead to ________ in other industries
A) no jobs; increased productivity B) almost all jobs; economic growth
C) relatively few jobs; job losses D) well over half of the jobs; price decreases
C
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Negative incentives: a. increase benefits or reduce costs
b. increase behaviors. c. decrease benefits or increase costs. d. include both cash subsidies and taxes.
If sellers become more willing and able to sell more of a service at every possible price, there has been an increase in
A. quantity supplied. B. supply. C. wages or other factor costs. D. demand.
An increase in the supply of labor generates
A) increased unemployment. B) lower wages. C) an offsetting increase in the demand for labor. D) a decrease in the quantity demanded of labor.
Which of the following lowers frictional unemployment?
A) more young people in the economy B) decreasing unemployment benefits C) increasing the pace of technological change D) increasing the minimum wage E) None of the above answers are correct because all of the answers raise frictional unemployment.