A new U.S. tariff on Mexican avocados would be likely to:
a. raise the price of avocados to U.S. consumers
b. increase U.S. consumption of domestically produced avocados.
c. increase total U.S. consumption of avocados.
d. do both a. and b.
d
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Human beings
A) have unlimited wants. B) think they have unlimited wants, but really have limited needs. C) have limited wants, but unlimited needs. D) know what their needs are, but do not know what their wants are.
Over the last century, U.S. real GDP per person grew at a rate of about
a. 2 percent per year, so that it is now 2 times as high as it was a century ago. b. 2 percent per year, so that it is now 8 times as high as it was a century ago. c. 4 percent per year, so that it is now 2 times as high as it was a century ago. d. 4 percent per year, so that it is now 8 times as high as it was a century ago.
Which is NOT a legal reserve?
A. Vault cash B. Government securities C. Deposits at a Federal Reserve Bank
In comparing monetarism and rational expectations theory, we find that:
A. both favor policy rules and for the same reasons. B. both favor policy rules, but for different reasons. C. both favor discretionary policies. D. the former favors discretionary policy, while the latter favors policy rules.