According to the graph shown, if this economy were to open to trade, domestic producers would have to cut:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. production by 55 units.
B. production by 90 units.
C. prices by $3.
D. prices by $7.
A. production by 55 units.
You might also like to view...
How might the globalization of financial markets affect the role of financial frictions in business fluctuations?
What will be an ideal response?
Which of the following describes the Volcker disinflation most accurately?
a. Almost all of the public believed that the Fed would keep money growth low, so unemployment rose less than it would have otherwise. b. Almost all of the public believed that the Fed would keep money growth low, so unemployment rose more than it would have otherwise. c. Much of the public did not believe that the Fed would keep money growth low, so unemployment rose less than it would have otherwise. d. Much of the public did not believe that the Fed would keep money growth low, so unemployment rose more than it would have otherwise.
A bond with default risk will always have a ________ risk premium and an increase in its default risk will ________ the risk premium
A) positive; raise B) positive; lower C) negative; raise D) negative; lower
To prevent bank runs and the consequent bank failures, the United States established the ________ in 1934 to provide deposit insurance
A) FDIC B) SEC C) Federal Reserve D) ATM