As a result of an agricultural price support,
A) quantity demanded is greater than quantity supplied.
B) quantity supplied is greater than quantity demanded.
C) fewer exchanges are made.
D) a and c
E) b and c
E
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How does contractionary monetary policy affect net exports in the short run?
A) Contractionary monetary policy reduces exports and increases imports. B) Contractionary monetary policy increases exports and reduces imports. C) Contractionary monetary policy increases exports and increases imports. D) Contractionary monetary policy reduces exports and reduces imports.
If the dollar depreciates relative to the Mexican peso,
A) U.S. exports to Mexico become more expensive. B) U.S. exports to Mexico become less expensive. C) Mexican imports to the United States become less expensive. D) The value of Mexican imports to the United States does not change, but the value of U.S. exports to Mexico increases.
A shift in the supply curve for gasoline in the United States would result if
A. magnet-lift trains, that were capable of going 300-miles-per-hour, were built connecting all major cities in the America. B. the price of gasoline decreased. C. a new method for drilling through rock opened up vast new oil reserves in Wyoming. D. electric cars became inexpensive and popular.
The wage for a particular occupation will be relatively low if supply is small relative to demand.
Answer the following statement true (T) or false (F)