If the United States imposed a 25 percent tariff on imports of minivans, the effect would be to
a. raise the price and reduce the quantity of imports.
b. raise the price and the quantity of imports.
c. lower the price and the quantity of imports.
d. raise the quantity and reduce the price of imports.
a
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A stable regular relation between income and the money stock as the medium of exchange presumes that
A) no interest is paid on the medium of exchange. B) as interest rates increase the amount of money held increases. C) as interest rates increase the amount of the medium of exchange held decreases. D) A and B.
All of the following are primary uses of CFCs, EXCEPT
a. refrigeration b. aerosol propellants c. insulation d. fuel octane boosters
The practice of tying is illegal on the grounds that
a. it allows firms to expand their market power. b. it allows firms to form collusive arrangements. c. it prevents firms from forming collusive agreements. d. the Sherman Act explicitly prohibited such agreements.
Which of the following is a result of discrimination?
A. Two groups of workers earning different wages. B. Two groups of workers paid the same wage, but proportionally fewer of one group are employed. C. Equal pay and equal employment opportunities for two groups of workers with different productivities. D. No workers from a particular group are employed.