The effect of an import quota is to
a. raise the price and reduce the quantity of imports.
b. raise the price and the quantity of imports.
c. lower the price and the quantity of imports.
d. raise the quantity and reduce the price of imports.
a
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Men and women in a particular industry are equally qualified. If one employer has a preference for male employees, then in the long run
a. men will receive higher wages b. women will receive higher wages c. there will be no wage differential between men and women d. comparable worth laws would create wage differentials between men and women e. the demand for male employees will decrease
A PPF is a straight line as a result of
A) constant opportunity costs. B) increasing opportunity costs. C) decreasing opportunity costs. D) scarcity. E) choice.
Comparing how many dollars it takes to attend college each year to annual earnings on a job represents the use of money as a:
A. medium of exchange. B. unit of account. C. store of value. D. store of coincidence.
A small open economy reduces its desired saving. This causes the world real interest rate to ________ and the country's current account balance to ________.
A. fall; fall B. remain unchanged; fall C. remain unchanged; rise D. fall; rise