Today U.S. protectionism is concentrated in
A) high-tech industries.
B) labor-intensive industries.
C) industries in which Japan has a comparative advantage.
D) computer intensive industries.
E) capital-intensive industries.
B
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On November 7, 1996, the Distilled Spirits Council of the United States decided to end its voluntary ban on television and radio liquor advertisement. The ban on hard liquor advertising had been in effect since 1936 for radio and 1948 for television
Did the lifting of this ban likely increase or decrease the profits of hard liquor companies? Briefly explain.
A horizontal line has an infinite slope
a. True b. False Indicate whether the statement is true or false
If MPC = 0.8, a $200 billion increase in government purchases would have what size effect on the "first round" of induced added consumption, and what total effect on AD?
a. increase "first round" consumption by $80 billion; increase AD by $400 billion b. increase "first round" consumption by $160 billion; increase AD by $1 trillion c. increase "first round" consumption by $200 billion; increase AD by $1 trillion d. increase "first round" consumption by $800 billion; increase AD by $4 trillion
Last year in the country of Union, the price level increased and real GDP increased. Such an outcome might have occurred because short-run aggregate supply ________ and aggregate demand ________.
What will be an ideal response?