Author Question: Because present consumption is more highly valued higher than future consumption, interest is paid. ... (Read 96 times)

craiczarry · **on:** Jun 30, 2018

Because present consumption is more highly valued higher than future consumption, interest is paid.
a. True
b. False

Question 2

U.S. auto workers sometimes experience structural unemployment because of the popularity of foreign cars. Which argument is a labor union most likely to present to Congress when it lobbies for trade restrictions?
a. national defense argument
b. infant industry argument
c. antidumping argument
d. loss of domestic jobs argument
e. declining industry argument