Export tariffs are generally supported by business interests
Indicate whether the statement is true or false
FALSE
Explanation: Business interests are generally adamantly opposed to export tariffs.
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Demand curves often do not remain stationary; they shift because of changes in other variables.
Answer the following statement true (T) or false (F)
If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the M1 money multiplier is
A) 2.54. B) 2.67. C) 2.35. D) 0.551.
Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 15, the price must be:
A. $0. B. $6. C. $9. D. $15.
Answer the following statements true (T) or false (F)
1) Economic models of illegal immigration suggest that domestic-born workers avoid certain types of work more because the inflow of immigrants has reduced wages, rather than because the work is unpleasant. 2) Removing all illegal immigrants would expand domestic-born employment by an amount equal to the number of illegal immigrants removed. 3) Illegal immigration helps improve the standard of living for U.S. citizens by keeping prices lower. 4) Illegal immigrants overall contribute more in taxes than they receive in services from state and local governments.