A tariff is a tax on imports imposed by the country that is importing the goods
a. True
b. False
Indicate whether the statement is true or false
True
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When people alter their preferences when a choice is presented in a certain way, it is called:
a. anchoring b. framing c. the endowment effect d. compartmentalizing
Everything else constant, who is least likely to lose from unexpected inflation?
a. A retired person whose pension payments are fixed in dollars b. A person with a large amount of money deposited in a savings account c. A bank scheduled to receive fixed nominal mortgage payments d. A homeowner scheduled to make fixed nominal mortgage payments e. A consumer who spends extra time shopping for the lowest prices
If 
j, an unbiased estimator of 
j, is consistent, then the:
A. distribution of 
j becomes more and more loosely distributed around 
j as the sample size grows.
B. distribution of 
j becomes more and more tightly distributed around 
j as the sample size grows.
C. distribution of 
j tends toward a standard normal distribution as the sample size grows.
D. distribution of 
j remains unaffected as the sample size grows.
Under a system of free-floating exchange rates, a nation will experience
A. persistent surpluses in its balance of payments. B. persistent deficits in its balance of payments. C. a tendency toward equilibrium in its balance of payments. D. persistent surpluses in its balance of trade.