If free international trade is compromised by the imposition of an import quota or tariff,
a. all of the following are true
b. import-competing producers in the country that imposes the tariff or quota will be able to sell a larger quantity at higher prices
c. consumers of import goods will obtain a larger quantity at lower prices
d. workers in export industries will find more jobs
e. consumers of export goods will obtain a larger quantity, although only at higher prices
B
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Use the following graph to answer the question. Between prices of $5.70 and $6.30
A. D2 is more elastic than D1. B. D1 and D2 have identical elasticities. C. D1 is more elastic than D2. D. D2 is noncomparable to D1.
Use the above table. The autonomous consumption in this table is
A) $0. B) $20. C) $50. D) $140.
You have a bond that pays $125 per year in coupon payments. Which of the following would result in an increase in the price of your bond?
A) Coupon payments on newly-issued bonds rise to $140 per year. B) The likelihood that the firm issuing your bond will default on debt increases. C) Coupon payments on newly-issued bonds fall to $75 per year. D) The price of a share of stock in the company falls.
The "dual" nature of our banking system got its start in the
A) 1820s. B) 1860s. C) 1910s. D) 1930s.