Holding all else equal, if the U.S. government imposes tariffs on imported products, then the equilibrium value of the U.S. dollar will:
A. be determined by the Federal Reserve.
B. depreciate.
C. remain fixed.
D. appreciate
Answer: D
You might also like to view...
Despite evidence that companies will find it more profitable to use a commission system of compensation rather than a salary system, many companies continue to pay their workers salaries
Which of the following is one reason why firms choose a salary system? A) Firms that have salary systems do not have to use compensating differentials to attract employees to do hazardous jobs. B) Many workers dislike risk and prefer to be paid a salary rather than to be paid by commission. C) Firms often use salary systems to overcome their principal-agent problems. D) Most business owners and managers are not trained economists; therefore, they are unaware of the research that shows a commission system is more profitable than a salary system.
In economics, the term "shortage" means that the quantity demanded is greater than the quantity supplied at the existing price
a. True b. False Indicate whether the statement is true or false
(Scenario: Capital) Look at the scenario Capital. In three years' time, what is the level of physical capital per worker in this economy?
What will be an ideal response?
Laissez-faire capitalism limits the government's economic functions to the following, except:
A. Protecting private property rights B. Establishing a legal environment to enforce contracts among individuals C. Preventing individuals and firms from coercing others D. Setting prices of individual goods and services