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    If trade barriers hurt the average worker in an economy (due to lower wages), why does government create trade barriers?

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Questions & Answers

What is the important of Economic
Parnda Reply
what is demand
Coded Reply
what is a clearing house
barry Reply
so can we conclude that mircoeconomics is a under marcoeconomics
Florence Reply
l don't understand that part please teach me
gideon
microeconomics and Marco economic are not the same.one have to do with part of the economy and the other have to do with the entire economy
jackie
so how can we conclude microeconomics and macroeconomic in our stadies
Noah
please explain
Mathias
Am confuse can you please explain
Belinda
Pls Explain more
Parnda
what is monopoly
Pop Reply
is market situation in which an individual or group of person acting as a unit control supply of a good which has no close substitute
gideon
what is the role that the government can play
Caroline Reply
what is a subsidy
Caroline
subsidy is government help to producers that reduces cost of production .
Pop
subsidy is government help to producers that reduces cost pf production
Pop
money is anything money can buy discuss
Patrick Reply
what is equilibrium price
Bismark Reply
when demand price and supply price are equal
Asit
what is equilibrium
Ashiq
When supply and demand are equal in one point is equilibrium
learn
equilibrium of price is that price at which the quantity of goods demanded is equal to the quantity supplied
Samuel
what is a portable
Eeme Reply
able to be carried or easily moved......just movie okay
Amadou
2) One of the major assumption of the classical school is A) Lack of aggregate demand causes involuntarily unemployment B) Governments fiscal operations can reduce unemployment C) Unemployment and inflation can exist together D) Economy will be in full employment equilibrium in the long run
Ajay Reply
explain the scope of economics
Bhimshi Reply
Inflation occurs in a country due to what causes?
Daniel Reply
Lack of natural resources management
Kosiso
scarce of natural resources
Eeme
What is demand
TECK Reply
the amount of a good that buyers are willing and able to purchase
Asit
what is population
Amadou Reply
The people living within a political or geographical boundary.
Ziyodilla
what happens to price and quantity when demand curves shift to the right
Asha Reply
price level goes up. quantity demand increases
Asit
example- inferior goods
Asit
demand law
Athony
Its states that higher the price the of the commodity, and lower the quantity demanded
Kosiso
I am confused but quantity demand will increase.
Asit
No. That's the law of supply
Kosiso
the price goes down and quantity demanded increases
esther
Price goes down Demand quantity increases
Daniel
choice arises because of scarcity of resources
Umar

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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