In Figure 20.1, the increase in Real GDP might reflect 
A. reduced government spending.
B. reduced worker productivity.
C. increased consumer confidence about future job security.
D. a stronger currency.
Answer: C
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Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade agreements?
What will be an ideal response?
If Mario's Pizza offers consumers who purchase one medium sized pizza a second pizza at half price, this is an example of ________.
A) third-degree price discrimination B) second-degree price discrimination C) first-degree price discrimination D) zero-degree price discrimination
A monopolist faces a horizontal demand schedule.
Answer the following statement true (T) or false (F)
What will happen if there is an increase in an existing tariff on grapes from Argentina?
a. There will be an increase in domestic production of grapes. b. There will be an increase in total American consumption of grapes. c. There will be an increase in American consumption of domestically produced grapes. d. There will be an increase in American imports of grapes from Argentina.