According to the graph, what is the reduction in U.S. lumber consumption as a result of the tariff?

Chris pays $10,000 for a newly issued two-year government bond with a $10,000 face value and a 6 percent coupon rate. One year later, after receiving the first coupon payment, Chris sells the bond. If the current one-year interest rate on government bonds is 7 percent, then the price Chris receives is:

A. greater than $10,000. B. $700. C. less than $10,000. D. $10,000.

In a monopsony labor market, a minimum wage set equal to the competitive market equilibrium wage rate can ________ the wage rate and ________ employment

A) raise; increase B) raise; decrease C) lower; increase D) lower; decrease

Net entrants to the labor force is likely to be highest when the economy ________

A) is entering a recession B) nears the peak of an expansion C) has passed the peak of an expansion D) begins to recover from a recession

Do economists believe that labor unions are good or bad for the U.S. economy?