If there is an increase in demand for a good, what will most likely happen to the price and quantity of the good exchanged? Price Quantity
A. No change No change
B. Increase Increase
C. Increase Decrease
D. Decrease Increase
E. Decrease
B. Increase Increase
You might also like to view...
Assume the government reduces your welfare check by $1 for every $2 that you earn on the job while on welfare. How will this tax affect your labor supply decisions? What is the implicit tax rate of such a policy?
What will be an ideal response?
The World Trade Organization provides for all of the following EXCEPT
A) the usage of the most favored nation clause. B) assistance in the settlement of trade disagreements. C) bilateral tariff reductions. D) multilateral tariff reductions. E) the prevention of nontariff interventions in trade.
A key objective of a government safety net for the banking system is to ensure ________
A) that the poor have access to bank services B) an efficient allocation of credit C) bank profitability D) that depositors always believe that their money is safe in the bank
In a system of managed or fixed exchange rates, the controlling
a. is performed by the central banks of the trading nations. b. consists of making adjustments in the gold content of the different currencies. c. is usually done by actions of the IMF. d. involves changing the official exchange ratio between different kinds of money.