Which of the following exemplifies a way that foreign trade is restricted without tariffs or import quotas?
a. The regional trade agreement reduced taxes on steel imports from neighboring countries to 15%.
b. New standards for foreign-made wine and spirits allowed a higher alcohol content than previous laws.
c. Safety regulations demanded that the total lead content of products could not exceed 100 parts per million.
d. The government supported domestic leather producers by charging import taxes on foreign leather goods.
c. Safety regulations demanded that the total lead content of products could not exceed 100 parts per million.
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In a certain economy, the components of aggregate spending are given by:C = 500 + 0.8(Y - T) - 300rI = 200 - 400rG = 200NX = 10T = 150Given the information about the economy above, what would be the impact on short-run equilibrium output of a one-percentage-point increase in the real interest rate from 4 percent to 5 percent?
A. Short-run equilibrium output would decrease by 7 units. B. Short-run equilibrium output would increase by 35 units. C. Short-run equilibrium output would decrease by 700 units. D. Short-run equilibrium output would decrease by 35 units.
The difference between U.S. financial regulation between the 1930s-to-1980 period and the 1980-to-2010 period is:
a. The earlier period was characterized by relatively loose government regulations and the later one was characterized by stricter government regulations. b. The later period was characterized by heavy use of the originate-to-distribute" strategy. c. The earlier period was characterized by recurring, nation-wide speculative housing bubbles. d. The earlier period was characterized by heavy use of securitization. e. All of the above.
The typical production possibilities curve is:
A. an upsloping line that is bowed out from the origin. B. a downsloping line that is bowed in toward the origin. C. a downsloping line that is bowed out from the origin. D. a straight upsloping line.
Which of the following occurs if the expected profit increases?
A) Investment demand increases and the demand for loanable funds curve shifts rightward. B) The quantity of investment demanded decreases and there is a movement up along the demand for loanable funds curve. C) The quantity of investment demanded increases and there is a movement down along the demand for loanable funds curve. D) The savings increases and the supply of loanable funds curve shifts rightward. E) Investment demand decreases and the demand for loanable funds curve shifts leftward.