Imposing trade barriers does all of the following except
A) lowers incomes. B) invites retaliation from foreign governments.
C) lowers domestic prices. D) reduces economic efficiency.
C
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Currency devaluations hurt consumers because they make imports ________ expensive
a. Less b. More c. All of the above d. None of the above
Kristi and Rebecca sell lemonade on the corner. It costs them 7 cents to make each cup. On a certain day, they sell 40 cups. Their producer surplus for that day amounts to $19.20 . Kristi & Rebecca sold each cup for
a. 31 cents. b. 38 cents. c. 45 cents. d. 55 cents.
What fraction of the world's population lives on no more than $2 a day?
A. 1/10 B. 1/4 C. 1/2 D. 3/4
Money market mutual funds are ________ the M1 measure of money and ________ the M2 measure of money.
A. excluded from; excluded from B. included in; excluded from C. excluded from; included in D. included in; included in