Of the arguments for limiting trade, which one is the most appealing to economists?
A. protecting the profits of companies
B. helping an industry that is in trouble
C. protecting an industry important to a nation's identity or culture
D. protecting the jobs of citizens
Answer: C
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Indicate whether the statement is true or false
John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the accompanying table.Time cleaning windows (hours/day)Total number of windows cleaned0017211314416517 How many hours a day should John spend cleaning windows?
A. 2 B. 3 C. 4 D. 1
Mail-in ballots are designed to:
A. decrease the costs associated with voting. B. increase utility derived from voting. C. increase your ability to fulfill your civic duty. D. increase the accuracy voting process.
The empirical evidence finds that large downward movements in wages are ________.
A. extremely rare B. common in some industries but not others C. very common D. common only in Europe