Tariffs are considered to be a popular tax in the first world countries, who justify them on the basis of the revenue they generate for government spending
a. True
b. False
Indicate whether the statement is true or false
False
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________ would likely oppose policies that allowed foreign workers to immigrate more freely
A) Domestic labor B) Domestic capital C) Both domestic labor and capital D) Neither domestic labor nor capital
An increase in consumer confidence would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
If there is a shortage of product X:
A. the price of the product will rise. B. the price of the product will decline. C. the supply curve will shift to the left and the demand curve to the right, eliminating the shortage. D. fewer resources will be allocated to the production of this good in the future.
If the market for tires is unregulated and is presently characterized by excess supply, you can accurately predict that price will
A. decrease, the quantity demanded will fall, and the quantity supplied will rise. B. increase, the quantity demanded will rise, and the quantity supplied will fall. C. increase, the quantity demanded will fall, and the quantity supplied will rise. D. decrease, the quantity demanded will rise, and the quantity supplied will fall.