If the U.S. put an import quota on clothes dryers, it would
a. raise U.S. net exports of clothes dryers and raise net exports of other U.S. goods.
b. raise U.S. net exports of clothes dryers and lower net exports of other U.S. goods.
c. lower U.S. net exports of clothes dryers and raise net exports of other U.S. goods.
d. lower U.S. net exports of clothes dryers and lower net exports of other U.S. goods.
B
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"Inflation reduces the velocity of money because people reduce their money holdings." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Suppose Mara and David compete, selling fried green tomatoes in a perfectly competitive market. If Mara increases output,
a. David must reduce output b. the price David can charge falls c. the price David can charge rises d. the price David can charge is unaffected e. David's economic profit must fall
If (X ? IM) < 0, then capital inflows
A. will be zero. B. will be greater than zero. C. will be less than zero. D. can be zero, positive, or negative.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.