If a tariff is imposed on imports of shrimp into the United States, U.S. producers ________ and the U.S. economy will ________
A) gain; be unaffected
B) gain; lose
C) lose; lose
D) gain; gain
E) lose; gain
B
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For a monopoly, marginal revenue for all units greater than 1 is always:
A. less than price because of the price effect. B. more than price because of the price effect. C. more than price because of the quantity effect. D. less than price because of the quantity effect.
An investor is trying to decide whether to put his funds into stocks or bonds. He expects rising interest rates over the next year and higher inflation. Your advice?
A flow variable:
a. Is an inconsistency in terms, because something cannot be a "variable" and a "flow" at the same time. b. Is measured at a point in time. c. Is measured over a period of time.
The diagram below shows the labor market faced by monopsonists. To maximize profits, this firm will hire labor at point: 
A. L3. B. L1. C. L2. D. 0.