Trade policies
a. affect a country's overall trade balance, but affect all firms and industries the same.
b. affect a country's overall trade balance, but affect some firms or industries differently than others.
c. do not affect a country's overall trade balance, but affect some firms or industries differently than others.
d. do not affect either a country's overall trade balance or specific firms or industries.
c
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Suppose a professor announces at the beginning of a course that he will give no failing grades because they are too damaging to self-esteem. How does such a policy affect equality and efficiency?
What will be an ideal response?
The linear regression equation, Y = a + bX, was estimated. The following computer printout was obtained: 
Given the above information, if X equals 20, what is the predicted value of Y?
A. -186.42 B. 186.42 C. -411.72 D. 165.69
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
Contractual provisions based on indexing are also called
A. withdrawal clauses. B. swap clauses. C. escalator clauses. D. averaging clauses.