__________ flows from government to households
A) A transfer payment
B) A tax payment
C) The Laffer Curve
D) Crowding out
A
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__________ buy or sell futures contracts to reduce their exposure to the risk of future price movements in the underlying asset
A) Hedgers B) Speculators C) Arbitrageurs D) None of the above.
Trade restrictions that limit the sale of low-price foreign goods in the U.S. market
a. increase the real income of Americans. b. benefit domestic producers in the protected industries at the expense of consumers and domestic producers in export industries. c. help channel more of our resources into producing goods for which we are a low-cost producer. d. reduce unemployment and increase the productivity of American workers.
How does a change in quantity supplied differ from a change in supply?
A) A change in quantity supplied shifts the supply curve; a change in supply is a movement along the curve. B) A change in one of the ceteris paribus conditions affects quantity supplied, not supply. C) A change in the price affects quantity supplied, not supply. D) There is no difference.
Refer to the table. For the open economy, the equilibrium GDP and the multiplier are:
Complete the following table and answer the question on the basis of the resulting data. All figures are in billions of dollars.
A. $300 and 2.5.
B. $450 and 5.
C. $400 and 4.
D. $400 and 5.