If the U.S. imposed an import quota on corn, then in the U.S
a. exports and imports would rise.
b. exports and imports would fall.
c. exports would rise and imports would fall.
d. exports would fall and imports would rise.
b
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A change in the price level brings a ________ the aggregate supply curve, NOT a ________ the aggregate supply curve
A) vertical displacement of; change in the slope of B) change in the slope of; horizontal displacement of C) shift in; change in the slope of D) movement along; shift in E) shift in; movement along
Suppose the demand for peaches from South Carolina is perfectly elastic. If the supply curve is upward sloping and a tax is imposed on peaches from South Carolina, then
A) peach sellers pay all of the tax. B) peach buyers pay all of the tax. C) peach buyers and sellers evenly split the tax. D) the government does not collect any revenue from the tax. E) the tax does not change the equilibrium quantity of peaches.
Window cleaners that work the top floors of high-rise office buildings are, on average, paid approximately 30 percent more an hour than those that clean windows on the bottom floor. This is an example of
a. non-pecuniary job benefits. b. compensating wage differentials. c. irrational wage compensation. d. employment discrimination.
Under the merger guidelines written by the DOJ and FTC, a merger may not be challenged if:
A. there is an emergence of new technology. B. there is significant foreign competition. C. the firms involved have monetary problems. D. All of the statements associated with this question are correct.