Which of the following is not a short-run impact of increasing tariffs on the American industries they seek to protect?
a. government tax revenues increase
b. domestic production and sales by the protected industries increase
c. consumers' real incomes decrease
d. total domestic and foreign sales of those products in the United States increase
d
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One way the government can introduce competition into a monopoly industry is to:
A. split it vertically. B. break up the company along different stages of the production process. C. split it horizontally. D. All of these statements are true.
The terms of trade between any two countries for two goods cannot be between their respective opportunity costs if there are to be any gains in trade.
Answer the following statement true (T) or false (F)
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Refer to the information provided in Figure 23.12 below to answer the question(s) that follow.
Figure 23.12Refer to Figure 23.12. Suppose AE1, AE2 and AE3 are parallel. What is the value of Point A?
A. $450 million B. $510 million C. $540 million D. cannot be determined from the given information