The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 58

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Employers and workers in the protected industry know that the consequences of protection are principally:

• A)lower prices for their output, lower profits for owners, and lower wages for workers.
• B)higher prices for their output, lower profits for owners, and lower wages for workers.
• C)higher prices for their output, lower profits for owners, and higher wages for workers.
• D)lower prices for their output, higher profits for owners, and higher wages for workers.
• E)higher prices for their output, higher profits for owners, and higher wages for workers.

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Definitions:

After taxes

Refers to the net income after all tax expenses have been deducted.

Compounded Monthly

A method of calculating interest whereby the accumulated interest is added back to the principal sum, and future interest is calculated on the new total each month.

Student Loans

Borrowed money that is used to pay for higher education expenses, which must be repaid with interest.

Compounded Monthly

A method where interest earnings are calculated and added to the principal sum each month, leading to increased interest in the next period.