A program of protection that results in preserving jobs in certain industries
a. raises average productivity in all sectors of the economy.
b. does so at very high cost to consumers of the products from those industries.
c. is an efficient way to preserve employment, and is cheaper than other forms of maintaining full employment.
d. is an effective way of encouraging innovation and improvement in production.
b
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Explain the relationship between economic growth and labor productivity
What will be an ideal response?
In 2001 and 2002, McDonald's tried to improve the quality of its service by hiring mystery shoppers to evaluate service, cleanliness, and food quality
Indicate whether the statement is true or false
Refer to the following graph.
With a tariff of $10 a blouse on imported silk blouses from China, the revenue the government would collect from the import of silk blouses from China would be:
A. $20,000. B. $2,800. C. $7,000. D. $0.
The impending retirement of aging Baby Boomers is quite likely to re-establish the trend of
A. discretionary and mandatory spending, becoming virtually indistinguishable. B. discretionary spending, becoming an ever-larger share of total federal spending. C. mandatory spending, becoming an ever-smaller share of total federal spending. D. mandatory spending, becoming an ever-larger share of total federal spending.