Many Unions Have Favored Import Quotas and Tariffs Because

question 35

Multiple Choice

Many unions have favored import quotas and tariffs because

• A) they want to shift demand towards the goods they produce.
• B) they are trying to increase the welfare of all Americans.
• C) they want their employers to substitute labor for capital and other inputs.
• D) All of the above.

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Definitions:

Regression

A statistical method used to determine the strength and character of the relationship between one dependent variable and one or more independent variables.

Foreign Born

Individuals who were born outside of the country in which they currently reside.

Linear Model

A statistical model used to describe the relationship between one or more explanatory variables and a continuous response variable by a linear equation.

Scatterplot

A graphical representation that uses dots to show the relationship between two sets of data.