The tariff levied in a "large country" (Home), lowers the world price of the imported good. This causes
A) foreign consumers to demand less of the good on which was levied a tariff.
B) domestic demand for imports to decrease.
C) domestic demand for imports to increase.
D) foreign suppliers to produce less of the good on which was levied a tariff.
E) no change in the foreign price of the good it imports.
D
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Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and net exports are $4 billion. Then desired investment equals
A) $2 billion. B) $4 billion. C) $6 billion. D) $8 billion.
The corporate form of business allows a more efficient way to manage risk relative to
A) proprietorships. B) partnerships. C) other non-corporate forms of business. D) all of these choices.
Critics of stabilization policy argue that monetary and fiscal policies affect the economy with _____
Fill in the blank(s) with correct word
Refer to the tables. Opportunity costs of producing military goods are:
A. increasing in Duckistan but constant in Herbania.
B. constant in both Duckistan and Herbania.
C. larger in Duckistan than in Herbania.
D. smaller in Duckistan than Herbania.