A tariff imposed on foreign imports will cause _____.
a. demand for imports to increase
b. domestic prices of imported goods to rise
c. market supply of importable goods to increase
d. domestic prices of imported goods to fall
e. market supply of domestic goods to decline
Question 2
The natural rate hypothesis suggests that improvements in technology that occur normally during the course of time will lead the economy to the natural rate of unemployment.
a. True
b. False
Indicate whether the statement is true or false
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Find the factor demand for labour and the amount of output it will produce. Show all ...