A Program of Protection That Results in Preserving Jobs in Certain

question 89

Multiple Choice

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.

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Definitions:

Polka-Dot Polyester Pants

Clothing items made from polyester fabric featuring a dotted pattern, known for their durability and ease of care.

Modify

To change or alter something, often to improve it or to make it suitable for a different purpose.

Variable Selling Costs

Expenses that vary directly with the volume of production or sales, such as commissions or shipping charges.

Full Cost

The total cost incurred for producing a product or delivering a service, including both fixed and variable expenses.