Import bans, import quotas, voluntary export restraints (VERs), and tariffs on goods all:
A. increase equilibrium quantities and prices.
B. decrease equilibrium quantities and prices.
C. increase equilibrium quantities, but decrease prices.
D. decrease equilibrium quantities, but increase prices.
Answer: D
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A) Domestic investment can be greater than or less than national saving. B) Domestic investment and national saving must also be negative. C) Domestic investment must be less than national saving. D) Domestic investment must be greater than national saving.
As you move along an indifference curve, your total utility increases or decreases depending on whether it's an upward or downward movement
a. True b. False Indicate whether the statement is true or false
Ceteris paribus, as the price of a good or service increases
A. people will buy more of it. B. people will want less of it. C. people will want more of it. D. people will buy less of it.