The United States imports cars from Japan. If the United States imposes a tariff on cars imported from Japan
A) U.S. consumers lose and Japanese producers gain.
B) U.S. tariff revenue equals the loss of U.S. consumer surplus.
C) U.S. consumers lose and U.S. producers gain.
D) U.S. car manufacturers gain revenue equal to the revenue lost by Japanese car manufacturers.
C
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The optimal purchase rule is stated as
a. TU = MU. b. MU = P. c. TU = P. d. MU = 0.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
Suppose that oil prices increase sharply while the rate of growth in labor productivity declines. The combination of these two factors should ________.
A. shift the short-run aggregate supply curve to the right B. shift the short-run aggregate supply curve to the left C. shift the aggregate demand curve to the left D. shift the aggregate demand curve to the right
Which of the following statements is most accurate?
A. Yield to maturity is equal to the coupon rate if the bond is held to maturity. B. Yield to maturity is the same as the coupon rate if the bond is purchased for face value and held to maturity. C. Yield to maturity will exceed the coupon rate if the bond is purchased for face value. D. Yield to maturity is the same as the coupon rate.