What is the implication for the domestic industry if the Malaysian government reduces the tariff protection? Select one: A.The prices of products for domestic consumers will increase. B. The share of the domestic market for Malaysian firms will increase. C. Employment in the domestic industry will increase in the short run. D. The shore of the domestic market for Malaysian firms will decrease
1. What is the implication for the domestic industry if the Malaysian government reduces the tariff protection?
Select one:
A.The prices of products for domestic consumers will increase.
B. The share of the domestic market for Malaysian firms will increase.
C. Employment in the domestic industry will increase in the short run.
D. The shore of the domestic market for Malaysian firms will decrease
2.
Select one:
A. studying what factors influence the price and quantity of automobiles
B. studying the determination of wages and production costs in the software industry
C. total, nationwide employment
D. the impact of government regulation of markets
3. If the
Select one:
A. increased.
B. cannot be determined
C. constant
D. decreased
4. If the value of the Malaysia ringgit
Select one:
A. an increase in imported inflation in Malaysia
B. a decrease in the quantity of goods exported from Malaysia
C. imported goods to increase in the Malaysian market
D. a decrease in costs of travelling for Malaysians
going abroad
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