If tariffs are effective, they tend to:
a. Increase consumption.
b. Decrease government spending.
c. Increase net exports.
d. Have their major effect on a nation's automatic stabilizers.
e. Decrease net exports.
.C
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In the political marketplace, voters do all of the following EXCEPT
A) benefit from public goods and services. B) pay some taxes. C) vote. D) evaluate policy proposals of bureaucrats.
If the Federal Reserve wants to increase the availability of money and credit, it can:
a. lower the discount rate. b. raise the reserve requirements. c. sell U.S. government bonds to the public. d. encourage banks to increase their prime lending rate.
If demand is unit elastic: a. Total revenue and prices rise and fall together
b. Total revenue rises as price falls. c. Total revenue falls as price rises. d. Total revenue remains constant as price rises or falls.
Assume Jack received all As in his classes last semester. If Jack gets all Bs in his classes this semester, his GPA may or may not fall
a. True b. False Indicate whether the statement is true or false