According to the graph, how many board feet of lumber will be imported if imports are allowed into the United States?

A general sales tax comes close to _____

a. meeting the budget needs of state governments b. approximating a consumption tax c. approximating an income tax d. a perfectly regressive tax

Demand applies to which of the following?

A) fast food B) criminal activity C) labor market D) all of the above

Any point on a graph represents a combination of particular values of two variables

a. True b. False

When an exchange rate is determined strictly by the demands and supplies for a nation's currency, it is called:

a. fixed. b. arbitrage. c. floating. d. unilateral. e. balance of payments.