An import ban results in:
A. a decrease in the supply of the product.
B. an increase in the product's price.
C. a decrease in the quantity of the product bought and sold.
D. All of these.
Answer: D
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As a researcher, which aspect of the results would be of greatest concern?
A) the negative value of the constant (i.e., -6,500) B) the relatively low impact of the competitor's price C) the fact that not all of the variables are statistically significant D) the poor fit of the regression line
A market in which national currencies are traded by households, firms and governments, is referred to as a(n)
A) foreign exchange market. B) fed funds market. C) international reserves market. D) gold certificate market.
Marginal revenue is the change in total revenue from selling one more unit of output
a. True b. False
The government agency that provides insurance for all checkable deposits up to $100,000 in banks choosing its protection is the:
a. Federal Deposit Insurance Corporation. b. Federal Reserve. c. Office of Management and Budget. d. Treasury. e. Securities and Exchange Commission.