One reason why consumers are unlikely to be too upset about tariffs is because
A) most consumers benefit from protection.
B) tariffs are an inexpensive way to create jobs.
C) consumer losses are not real losses.
D) the costs are so spread out that no one pays a big share of the total.
E) the gains of producers are larger.
D
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When output is held constant, inflation does which of the following?
(a) Increases real GDP (b) Increases real income (c) Increases government spending (d) Reduces the purchasing power of individuals living on fixed incomes.
Individual decision making by consumers and producers is the focus of
A) macroeconomics. B) microeconomics. C) aggregate measures. D) any economic model.
A change in the distribution of income that leaves total income constant will not shift the market demand curve for a product providing:
a. everyone has an income elasticity of demand of zero for the product. b. everyone has the same income elasticity of demand for the product. c. individuals have differing income elasticities for the product, but the average income elasticity for income gainers is equal to the average income elasticity for income losers. d. any of the above conditions occur.
At the time of ovulation, all of the following occur EXCEPT
A. the endometrium begins to thicken B. the temperature rises C. FSH increases D. Estrogen levels increase