When restrictions alter the pattern of international trade, the _____ benefit and the _____ suffer(s)
a. domestic consumers; domestic producers
b. domestic consumers; government
c. domestic producers; domestic consumers
d. foreign producers; domestic producers
e. foreign producers; domestic consumers
c
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Rocket Energy Drink Company buys sugar to produce energy drinks. At the end of a quarter both its inventory of sugar and its inventory of energy drinks has increased. Investment for the quarter will include
a. both the increased inventory of sugar and the increased inventory of energy drinks. b. the increased inventory of sugar, but not the increased inventory of energy drinks. c. the increased inventory of energy drinks, but not the increased inventory of sugar. d. neither the increased inventory of sugar nor the increased inventory of energy drinks.
How does the substitution effect work when the price of item increases?
A. The item becomes less and less popular as price drops B. Consumers buy the cheaper item B as a substitute for item A C. Consumers buy item A even if they do not particularly want it D. The substitutes for item A also increase in price
Match each of the following jobs to its major area: forecasting, analysis, research, or data development. Explain your answers.(a)Economist at university, testing theories about the efficient allocation of resources in the foreign exchange market(b)Economist at Wall Street firm trying to predict the rate of inflation next year using past data(c)Economist at auto firm looking at demand for new automobiles(d)Economist at the International Trade Commission trying to determine whether foreign firms are dumping goods in the United States(e)Economist at the Commerce Department developing new methods for calculating price indexes(f)Economist consulting in Eastern Europe about how to set up free-market financial systems
What will be an ideal response?
Explain how a currency drain affects the size of the money multiplier. In your explanation, suppose that a bank gains $1 million in new deposits and reserves
Further suppose that the desired reserve ratio is 10 percent and the currency drain is 50 percent.