A Survey of Economists Revealed That More Than Three-Fourths of Them

question 255

Multiple Choice

A survey of economists revealed that more than three-fourths of them agreed with a number of statements,including which of the following?

• A)Tariffs and import quotas usually reduce general economic well-being.
• B)A large federal budget deficit has an adverse effect on the economy.
• C)A minimum wage increases unemployment among young and unskilled workers.
• D)All of the above are correct.

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Definitions:

Free State

Denotes a state in which slavery was not legally permitted, especially in the context of pre-Civil War United States.

Union Admission

The process by which a new state is admitted to the United States, involving Congress and the fulfillment of certain constitutional and legal prerequisites.

Disenfranchisement

The revocation or denial of voting rights, often used historically to exclude specific groups from political participation based on race, gender, or socio-economic status.