A trade embargo harms
A. the target country and the non-embargoing countries.
B. both the target country and the country initiating the embargo.
C. only the target country.
D. only the country that initiates the embargo.
Answer: B
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If the expected real interest rate in an economy is 6% and the expected inflation rate is 4%, then the nominal interest rate in the economy is:
A) 6%. B) 14%. C) 4%. D) 10%.
Give examples of factors that decrease short-run aggregate supply. Which way does the SAS curve shift?
What will be an ideal response?
What is the purpose of the government granting monopoly power to a company by issuing a patent?
a. The government is opposed to competition and for a fee will prevent other suppliers from bring other new products to the market. b. The company is provided an opportunity to try profit from their research investment without competition from other suppliers for the same product. c. The company is being rewarded for making a better product than anyone else.
If the tax cost of this proposed project is $300 per person, a majority vote will:
Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed.
A. defeat this project and resources will be underallocated to it.
B. pass this project and resources will be allocated efficiently.
C. pass this project and resources will be underallocated to it.
D. defeat this project and resources will be overallocated to it.