A quota that limits U.S. imports of cane sugar
A. helps U.S. cane sugar producers.
B. helps U.S. corn syrup (sweetener) producers.
C. harms U.S. sugar consumers.
D. all of the options are correct.
Answer: D
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What will be an ideal response?
How does a decrease in government budget deficits affect the equilibrium interest rate in the loanable funds model?
A) Interest rate increases. B) Interest rate decreases. C) Interest rate stays the same. D) Interest rate first increases and then decreases back to the original level.
In the production function Real GDP = T (L, K), the T represents the _____________ coefficient, the L represents ________________ and the K represents _______________
A) tax; labor; capital B) technology; labor; capital C) technology; labor; knowledge D) technology; livestock; knowledge
Assuming no effect on exchange rates, which of the following is likely to happen if the money supply in a country contracts?
A. Rise in the real spending B. Fall in the inflow of financial capital C. Rise in the interest rates D. Decline in the international price competitiveness