Does a subsidy to buyers affect the supply curve?
A. Yes, it shifts supply up by the amount of the subsidy.
B. Yes, it shifts supply to the right by the amount of the subsidy.
C. No, the quantity supplied will increase, but the supply curve does not move.
D. No, the quantity supplied will decrease, but the supply curve does not move.
C. No, the quantity supplied will increase, but the supply curve does not move.
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Which of the following is the best example of a voluntary export restraint?
A) a $5,000 per-car fee imposed on all sports utility vehicles imported into the United States B) a subsidy granted by the U.S. government to domestic sports utility vehicle manufacturers so they can compete more effectively with foreign sports utility vehicle manufacturers C) a tax placed on all sports utility vehicles sold in the domestic market D) a limit set by the Japanese government on the number of sports utility vehicles that the United States can import from Japan
A VRA is an example of
A) a "voluntary" quota. B) a tariff. C) an illegal foreign good. D) an illegal foreign tariff.
The Open Market Committee oversees the money supply through the Fed's sale and purchase of government securities
a. True b. False Indicate whether the statement is true or false
When the dollar depreciates, each dollar buys
a. more foreign currency, and so buys more foreign goods. b. more foreign currency, and so buys fewer foreign goods. c. less foreign currency, and so buys more foreign goods. d. less foreign currency, and so buys fewer foreign goods.