Which of the following would be expected if the tariff on foreign-produced automobiles was increased?
a. The domestic price of automobiles would fall
b. The supply of foreign automobiles to the domestic market would be reduced, causing auto prices to rise.
c. The number of unemployed workers in the domestic automobile industry would rise.
d. The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.
b
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In Country A, the government introduced printed pieces of paper that promise to pay the bearers a certain amount of money. People of the country started using the pieces of paper as a medium of exchange. In this country, the printed paper is an example of: a. near money
b. fiat money. c. fiduciary money. d. commodity money.
Which curve in the market for foreign-currency exchange shifts and which direction does it shift if the government budget deficit increases? Explain why an increase in the budget deficit shifts this curve
The European Union's antitrust is carried out by
A. the World Court. B. the European parliament. C. the European Commission. D. the European Department of Justice.
One fundamental determinant of the rate of growth is the rate of _______. To have more consumption in the? future, we have to _____ rather than consume. In? general, countries that have had higher rates of _______ have had higher rates of growth in per capita real GDP.
Fill in the blank(s) with the appropriate word(s).