An import quota does which of the following?
A. Decreases the price of the imported good to the consumer.
B. Increases the price of the domestic good to the consumer.
C. Redistributes income from the domestic producer to the protected domestic exporter.
D. Decreases the price received by the foreign producer.
B. Increases the price of the domestic good to the consumer.
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In the table above, Y is measured along the y-axis and X along the x-axis. The slope between points c and d is
A) 100. B) 0. C) 0.25. D) -4.
In the Classical system, the interest rate is determined by all of the following except
A) the thriftiness of the public. B) the money supply. C) the productivity of capital. D) investment.
After the United States introduces a tariff in the market for widgets, the price of widgets in the United States will: a. decrease
b. increase. c. remain the same. d. change in an indeterminate manner.
Prices set too low can actually be against the public interest
a. True b. False Indicate whether the statement is true or false