If Japan levies tariffs on U.S. goods entering Japan, this will tend in the short run to:
A) benefit both Japanese and U.S. producers.
B) damage U.S. producers and benefit Japanese producers.
C) benefit U.S producers and damage Japanese producers.
D) damage both Japanese and U.S. producers.
Ans: B) damage U.S. producers and benefit Japanese producers.
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Refer to the scenario above. Suppose the interest rate is 5 percent. In this case, you will have ________ in your account after one year
A) $533 B) $546 C) $550 D) $580
The business cycle matters for unemployment because:
A. it affects the demand for labor. B. it affects the supply of labor. C. Both of these are true. D. Neither of these is true.
A firm chooses vertical integration to reduce all of the following costs, EXCEPT:
a. the cost of investing in diversified assets. b. the cost of finding a trading partner. c. the cost of devising and enforcing an agreement. d. the cost of evaluating the other party's performance.
A decrease in supply _____ price and _____ the quantity sold.
Fill in the blank(s) with the appropriate word(s).