If a tariff is imposed on imported televisions, we expect domestic demand for televisions to:
A) fall, and the total supply to increase.
B) rise, and the total supply to decrease.
C) rise, and the total supply to rise.
D) remain unchanged, and the total supply to decrease.
Ans: D) remain unchanged, and the total supply to decrease.
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Investment decreases by $300 billion, government expenditure is unchanged, and exports increase by $500 billion. As a result, autonomous expenditure ________, the total expenditure ________, and equilibrium real GDP ________
A) increases by $800 billion; increases; increases by more than $800 billion B) increases by $200 billion; increases; increases by more than $200 billion C) decreases by $300 billion; decreases; decreases by more than $300 billion D) is unchanged; is unchanged; is unchanged E) increases by $500 billion; is unchanged; increases by more than $500 billion
A(n) ________ relates each possible outcome to its probability of occurrence
A) probability distribution B) frequency C) expected value D) coin toss
Suppose the current interest rate is 5% and you pay $250 for a bond. What is the total payment that should be made to you in one year?
a. $12.50 b. $262.50 c. $237.50 d. $255.00 e. $267.50.
If a meat shop owner sells meat to a restaurant and, in the evening, visits the same restaurant to enjoy some barbeque, then the amount paid by the meat shop owner to the restaurant will be counted twice in the GDP
a. True b. False Indicate whether the statement is true or false