Refer to Figure 9-5. With the tariff in place, the United States
A) imports 20 million pounds of coffee. B) exports 38 million pounds of coffee.
C) imports 18 million pounds of coffee. D) imports 12 million pounds of coffee.
A
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Refer to the data. Equilibrium price will be:
Answer the question on the basis of the given supply and demand data for wheat:
A. $4.
B. $3.
C. $2.
D. $1.
What can low-income countries do in order to increase the amount of loanable funds available to firms for investment projects such as new factories or improved technology?
A. provide savings incentives B. print more money C. increase the interest rate on borrowing D. all of the above
An international organization created at the Bretton Woods conference in 1944 that helps coordinate international financial flows and can arrange short-term loans between countries is called the:
A) World Bank. B) International Monetary Fund. C) U.S. Treasury. D) U.S. Agency for International Development.
The primary benefit of monetary exchange compared to barter exchange is: a. the possibility of tracking trade for tax purposes
b. increased time devoted to finding trade partners. c. increased time devoted to shopping for what we want. d. increased efficiency in arranging transactions.