A. increase price but not output
B. increase output but not price
C. increase output and price
D. decrease output and price
A. increase a worker’s current income and permanent income
B. reduce a worker’s current income but not necessarily their permanent income
C. affect neither the current nor the permanent income of a worker
D. reduce a worker’s permanent income but not their current income
A. horizontal
B. vertical
C. conglomerate
D. homogeneous
A. 15.5%
B. 13.4%
C. 14.8%
D. 12.7%
A. is less restrictive on a country’s imports than a tariff
B. Is more restrictive on a country’s imports than a tariff
C. has the same restrictive effect on a country’s imports as a tariff
D. will always generate increased tax revenue for the government
A. primary products such as tin and bauxite
B. intermediate products
C. labor-intensive agricultural products
D. labor-intensive manufacturing products
A. labor
B. land
C. money
D. capital