Both tariffs and quotas will restrict supplies coming into the country from abroad.
Answer the following statement true (T) or false (F)
True
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________ monetary policy causes the real interest rate to ________
A) Expansionary; remain unchanged B) Contractionary; remain unchanged C) Expansionary; rise D) Contractionary; rise
A tech company loses a high-profile patent-infringement case against its top competitor. Which of the following is true?
a. Demand for the company's stock decreases, while the price of a share falls. b. Demand for the company's stock decreases, while the price of a share rises. c. Supply of the company's stock decreases, while the price of a share falls. d. Supply of the company's stock decreases, while the price of a share falls.
Figure 11-1
In Figure 11-1, the slope of the expenditures schedule is .75 and the government wishes to achieve full employment. It should
a.
cut spending by 1,000.
b.
increase spending by 1,000.
c.
cut taxes by 1,000.
d.
increase spending by 250.
e.
cut taxes by 250.
Based on this consumer surplus graph, which glass of iced tea gives Emily the greatest consumer surplus?
a. the first
b. the second
c. the third
d. the fourth