A quota on imported avocadoes ______________ the price of avocadoes, _____________ consumers' surplus for avocado buyers, _______________ producers' surplus of avocado growers and __________________ tariff revenue. Because the loss to _____________ is more than the gain to ___________________, there is a net loss to society
A) raises; increases; decreases; generates; producers; consumers and government
B) lowers; increases; decreases; does not generate; producers; consumers
C) raises; increases; decreases; does not generate;consumers; producers and importers
D) raises; decreases; increases; generates; consumers; producers and government
C
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If the government enacts contractionary fiscal policy, it is most likely at which of the following equilibria in the graph shown?
A. A
B. B
C. C
D. D
A $500 government bond is a money-fixed asset
a. True b. False Indicate whether the statement is true or false
In the graph showing the data for the short-run and long-run Phillips curve from 1979–1987, movement along the short-run Phillips curve is represented by the move from ______.
a. Point D to Point E
b. Point D to Point F
c. Point E to Point F
d. Point F to Point D
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that the PPF has not shifted, this could be due to
What will be an ideal response?