If the United States imposes a tariff on imported cars, the
A) U.S. demand curve shifts rightward.
B) U.S. demand curve shifts leftward.
C) U.S. supply curve shifts rightward.
D) the price in the United States rises but neither the U.S. demand curve nor the U.S. supply curve shift.
D
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Everything else equal, if the dollar depreciates against the Chinese yuan:
A) China will stop trading with the U.S. B) China will import more from the U.S. and will export less to the U.S. C) China will export more to the U.S. and will import less from the U.S. D) the Chinese government will buy yuan from the foreign exchange market.
A problem with the neoclassical growth theory is its
A) prediction that population growth lowers the real wage rate. B) inability to explain persistent differences between countries' GDP growth rates. C) prediction that population growth raises the real wage rate. D) comparison of the economy to a perpetual motion machine.
The primary function of reserve requirements is to serve as
A) a source of bank liquidity. B) an instrument of monetary control. C) a means of reducing bank profits. D) a means of controlling the amount of currency in the banking system.
The advantages of the M-Form of firm organization is
a. divisions can respond more easily to changes in customer demand b. it is easier to maintain customer relationships c. there is less coordination across the firm's divisions d. all of the above