When a tariff is imposed, the supply curve for the imported good
A) shifts downward and to the right.
B) shifts upward and to the left.
C) does not change.
D) becomes perfectly inelastic.
Answer: B
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Moving along the total product curve, which of the following is held constant?
A) quantity of labor B) total product C) technology D) total cost E) None of the above answers is correct.
The summary of the flows of goods, services, assets, and currency in and out of a country in a particular year is the
a. balance of income statement. b. balance of payments. c. balance of trade. d. trade deficit.
To meet its obligations, the federal government must consider four alternatives: ________ income taxes ________ Social Security taxes ________ Social Security benefits ________ federal government discretionary spending
Fill in the blank(s) with the appropriate word(s).
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C