A tariff imposed on imported wine will cause the domestic ________ of wine to increase and the domestic ________ of wine to increase.
A. imports; exports
B. price; production
C. revenues; imports
D. cost; price
Answer: B
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Currently, the FDIC insures deposits up to a limit of
A) $1000. B) $100,000. C) $250,000. D) $1,000,000.
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of output for $25. When Acme Dynamite produces 250 units of output, its profit is:
A. $6,250. B. $5,750. C. $3,750. D. $4,250.
Traditionally, the Fed lends to:
A. solvent but illiquid banks. B. insolvent and solvent banks. C. solvent, liquid banks. D. insolvent and illiquid banks.
A problem(s) with fiscal policy is that
a. it takes a long time for Congress to recognize that an economic problem exists b. interest rates will increase if the money supply increases too rapidly c. trade wars may erupt once tariffs and quotas are implemented d. all