A consequence of the quota that has been imposed on the importation of sugar into the United States is
A) competition in the U.S. sugar market is reduced.
B) the market for sugar in the United States has become monopolistically competitive rather than oligopolistic.
C) the cost of producing cereal, chocolate, and candy products in the United States is reduced.
D) consumers are protected from eating unsafe products made from cheap imported sugar.
A
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Refer to the Article Summary. Implementing a negative interest rate policy, as was advocated by the president of the Federal Reserve Bank of Minneapolis, would be an example of ________ monetary policy designed to ________ aggregate demand
A) contractionary; increase B) expansionary; increase C) expansionary; decrease D) contractionary; decrease
An increase in demand could arise from which of the following factors
a. an increase in income b. a decrease in the price of a substitute c. an increase in the price of a complement d. all of the above
The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.
If this country has an open economy, Silvia and Art can get ________ pounds of beef in exchange of a computer.
A. 120 B. 50 C. 80 D. 25
The supply of euros would come from
A. American demand for European real estate. B. European demand for U.S. government bonds. C. Americans vacationing in Barcelona, Spain. D. French supplies of wine to U.S. importers.