If Indonesia imposes an import tariff on Hollywood movies, the tariff ________ the price of seeing a movie in Indonesia, the production of movies in Indonesia ________, and imports of Hollywood movies into Indonesia ________
A) raises; increases; increases
B) raises; increases; falls
C) lowers; increases; falls
D) lowers; decreases; falls
E) raises; decreases, falls
B
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In the United States from 1981 to 2013, deaths from all of the following declined substantially except
A) heart attacks. B) kidney disease. C) cancer. D) strokes.
The counterpart to the unsold output of firms is the lack of jobs for workers willing to work
a. True b. False Indicate whether the statement is true or false
The economy's potential output is
a. the maximum output that could be achieved temporarily during a time of economic boom. b. the minimum output that could be achieved during a recession. c. present when 100 percent of the labor force is employed. d. the maximum sustainable output of the economy given its resources.
In the short-run Keynesian model where the marginal propensity to consume is 0.75, to offset a recessionary gap resulting from a $1 billion decrease in autonomous consumption, taxes must be:
A. decreased by $1 billion. B. decreased by $1.33 billion. C. increased by $1 billion. D. increased by $1.33 billion.