If a country imposes a tariff on some good, then which of the following curves shifts right?
a. both the demand for loanable funds and demand in the market for foreign-currency exchange.
b. the demand for loanable funds and demand in the market for foreign-currency exchange.
c. demand in the market for foreign-currency exchange but not the demand for loanable funds.
d. neither the demand for loanable funds nor demand in the market for foreign-currency exchange.
c
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The value of a price index in the base year will always be zero
a. True b. False Indicate whether the statement is true or false
Which of the following statements is not correct?
a. Two key elements of welfare reform are work requirements and limiting the time that recipients can receive benefits. b. The Earned Income Tax Credit (EITC) is very similar to a negative income tax. c. Minimum wage laws will likely increase unemployment. d. The elderly are more likely to be poor than single mothers.
The tightening of credit standards after the Great Recession
A. was more than countered by an opposite trend in regulation, so growth was robust. B. should have been a source of growth but wasn't. C. was a significant reason behind the slowing of economic growth during that period. D. was entirely countered by an opposite trend in regulation, so it was nearly zero.
You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that year is 5%. As a result, you will receive ________ at the end of the year, but that money has a purchasing power of ________
A) $5,050; $5,025 B) $5,100; $5,050 C) $5,500; $5,250 D) $6,000; $5,500