A quota that limits U.S. imports of cane sugar
A. helps both U.S. consumers and U.S. producers at the expense of foreign producers.
B. harms U.S. consumers more than it helps U.S. producers.
C. helps U.S. producers more than it hurts U.S. consumers.
D. harms foreign producers more than it helps U.S. producers.
Answer: B
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Which of the following statements about economic analysis is true?
A) Unlike positive economic analysis, normative economic analysis can be tested. B) There is much more disagreement among economists over normative economic analysis than over positive economic analysis. C) Normative economic analysis is concerned with "what is," whereas positive economic analysis is concerned with "what ought to be." D) Economics is primarily about normative analysis, which measures the costs and benefits of different courses of action.
Explain the cost advantage of a firm operating at constant returns to scale
A permanent reduction in planned real investment spending leads to
A. a proportional decrease in real GDP. B. a more than proportional decrease in real GDP. C. a more than proportional increase in real GDP. D. a less than proportional decrease in real GDP.
What happens to the AD curve when the value of household assets increases?
What will be an ideal response?