The argument that import restrictions save jobs and promote prosperity fails to recognize that
What will be an ideal response?
import restrictions cannot create jobs in any industry.
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In a bilateral monopoly, equilibrium price will
A) favor the seller. B) favor the buyer. C) approximate the competitive equilibrium price. D) not be determined by a simple rule.
When the price of tablet devices decreased in the 2010s, there was an increase in the demand for computing apps because tablet devices and computing apps are
A) substitute goods. B) capital goods. C) inferior goods. D) complementary goods.
If U.S. net exports are negative,
a. U.S. consumers are spending less on foreign goods than foreign consumers are spending on U.S. goods b. U.S. consumers are spending more on foreign goods than foreign consumers are spending on U.S. goods c. the government must promote imports to balance international trade d. U.S. consumers are spending more on foreign goods than they are spending on U.S. goods e. U.S. disposable income is low
Consider a zero-coupon bond with a $1,100 payment in one year. Suppose the interest rate decreases from 10% to 8%. The price of this bond:
A. increases from $1,000 to $1,375. B. increases from $1,000 to $1,018. C. decreases from $110 to $88. D. decreases from $1,210 to $1,188.