Refer to Figure 9-5. The tariff causes domestic consumption of coffee
A) to fall by 7 million pounds. B) to rise by 6 million pounds.
C) to fall by 27 million pounds. D) to rise by 20 million pounds.
A
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Refer to Figure 2-16. One segment of the circular flow diagram in the figure shows the flow of goods and services from market C to economic agents A. What is market C and who are economic agents A?
A) C = factor markets; A = households B) C= product markets; A = firms C) C = factor markets; A = firms D) C = product markets; A = households
For all points above the 45-degree line, planned aggregate expenditure will be less than GDP
Indicate whether the statement is true or false
Approximately how many millions of Americans do not have health insurance (prior to gaining coverage through the Patient Protection and Affordable Care Act)?
A. 27. B. 49. C. 58. D. 63.
The determinants of elasticity include
A. time. B. price relative to income. C. availability of substitutes. D. all of the above