In the figure above, if the quantity is restricted to 2, then the deadweight loss in this market equals
A) b + g.
B) c + d.
C) e + k.
D) h + i.
A
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If the U.S. (a large country) imposes a tariff on its imported good, this will tend to
A) improve the terms of trade of the United States. B) have no effect on terms of trade. C) improve the terms of trade of all countries. D) cause a deterioration of U.S. terms of trade. E) raise the world price of the good imported by the United States.
If the supply of loanable funds shifts left, then
a. the real interest rate and the equilibrium quantity of loanable funds both fall. b. the real interest rate falls and the equilibrium quantity of loanable funds rises. c. the real interest rate and the equilibrium quantity of loanable funds both rise. d. the real interest rate rises and the equilibrium quantity of loanable funds falls.
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What will be an ideal response?
The demand for inputs is a derived demand because
A. it is derived from production. B. it depends on the demand for outputs. C. it does not come from competitive markets. D. it is derived from nature.