The import tariffs that President Bush placed on imported steel likely had what effect?
A. Both domestic steel consumers and foreign steel producers were helped.
B. Domestic steel producers were helped, but domestic steel consumers were hurt.
C. Foreign steel producers were helped, but domestic steel consumers were hurt.
D. Both domestic steel producers and domestic steel consumers were helped.
Answer: B
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All of the following are a current account transaction EXCEPT
A) importing services. B) exporting goods. C) investing abroad. D) importing goods.
The indifference curves in the figure above (I1, I2, and I3 ) reflect Peter's consumption preferences. Peter prefers consuming ________ to consuming ________
A) 48 slices of pizza and 12 chocolate bars; 24 slices of pizza and 24 chocolate bars B) 40 slices of pizza and 20 chocolate bars; 48 slices of pizza and 12 chocolate bars C) 24 slices of pizza and 24 chocolate bars; 40 slices of pizza and 20 chocolate bars D) 32 slices of pizza and 8 chocolate bars; 16 slices of pizza and 16 chocolate bars
Refer to Scenario 10.2. What is the profit maximizing price?
A) $95.00 B) $5.00 C) $52.50 D) $10.00
A central bank has the most control over:
a. A nation's preferred asset ratios. b. The monetary base. c. The real exchange rate. d. The velocity of money. e. The M2 money supply.