Refer to Figure 9.8. If free trade in sugar is replaced by a $50 tariff on sugar, the effect on domestic producer surplus will be to
A) lower it by $50.
B) lower it by $12,500.
C) leave it unchanged.
D) raise it by $50.
E) raise it by $12,500.
E
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The demand curve for investment as a function of the interest rate is
a. vertical b. horizontal c. upward sloping d. downward sloping e. the same as the demand curve for saving
Financial markets are regulated by
A. the Stock and Exchange Commission. B. the Stock and Bond Exchange Commission. C. the Securities and Exchange Commission. D. the Security and Protection Commission.
Refer to the graph below. To maximize profits, the firm should produce the quantity:
A. 0A
B. 0B
C. 0C
D. 0K
When drawing a demand curve,
a. demand is measured along the vertical axis, and price is measured along the horizontal axis. b. quantity demanded is measured along the vertical axis, and price is measured along the horizontal axis. c. price is measured along the vertical axis, and demand is measured along the horizontal axis. d. price is measured along the vertical axis, and quantity demanded is measured along the horizontal axis.