Japanese exports are heavily concentrated in
A) agricultural products such as rice.
B) natural resource products such as coal.
C) manufactured products including motor vehicles.
D) Both A and C.
C
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If the government decides to impose a new tariff on orange juice from Brazil, the tariff would lead to ________ the tariff revenue collected by the U.S. government
A) no change in B) an increase in C) a decrease in D) an elimination of E) making illegal
Equilibrium price is the price:
a. from which there is always a tendency to move away b. where supply equals demand c. where there is either a surplus or a shortage d. suppliers agree to charge e. none of the above
The demand for money that arises so that individuals or firms can make purchases on quick notice is called the:
A. real demand for money. B. transaction demand for money. C. liquidity demand for money. D. speculative demand for money.
In the above figure, when the price of Good B increases, the result can be shown by
A. the movement from D1 to D2 in Graph A. B. the movement along D0 from P2 to P1. C. the movement along D0 from P1 to P2. D. the movement from D2 to D1 in Graph A.