What assumptions are necessary to argue that the quantity equation implies that increases in the money supply lead to proportional changes in the price level?
We must suppose that V is relatively constant and that changes in the money supply have no effect on real output.
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When a monopoly price discriminates, it
A) increases the amount of consumer surplus. B) decreases its economic profit. C) converts consumer surplus into economic profit. D) converts economic profit into consumer surplus. E) has no effect on the deadweight loss in the market.
The main problem with using the infant industries argument to justify protecting an industry from foreign competition is that
a. all industries will claim that they are infant industries in order to gain protection b. the protected industry will become too efficient and drive out foreign competition c. once in place, it is difficult to remove protection even as the industry matures d. it causes the goods that are produced in the protected industry to have lower prices e. this policy compromises national security if the infant industry produces military goods
________: a provision of the Trade Act of 1974 and its counterpart in the Trade and Competitiveness Act of 1988 that was designed to provide presidential authority to impose duties on products from nations whose trade practices were deemed "unfair" or
that restrict U.S. commerce. Fill in the blank(s) with correct word
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. Dmitri has two job offers when he graduates from college. Dmitri views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $40,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $40,000. Dmitri believes that he has a 50-50 chance of earning the bonus. Dmitri's expected utility from the first job offer is ________ and it is ________ from the second job offer.
A. 180; 160 B. 180; 110 C. 90; 160 D. 180; 210