Restricting imports tends to
A) shift the demand curve for the product to the left.
B) shift the demand curve for the product to the right.
C) change the shape of the supply curve.
D) increase the quantity supplied of a product.
C
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How is the mean calculated from a series of observations? Suppose 5,000 people bought popsicles on a hot summer day. If the average number of popsicles that each person bought is 2, how many popsicles were sold that day?
What will be an ideal response?
Suppose a U.S. citizen purchases a one-year Norwegian bond that yields 10 percent interest. Between the purchase date and the maturity date, the exchange rate changes from to How much was initially invested in the bond if the dollar value of the proceeds at maturity is $3,500? (roundoff up to the nearest whole number)
a. $2,916 b. $3,150 c. $3,500 d. $3,850 e. $4,200
An example of a government policy to provide a framework within which the private sector can operate productively is:
A. government ownership of capital. B. the suppression of political dissent. C. maintaining a well-functioning legal system. D. the taxation of savings.
What are the differences and similarities between a depreciation and devaluation of a currency?
What will be an ideal response?