Import quotas on products will increase the price consumers pay for imported products and:
Decrease the volume of exports
Decrease the volume of imports
Increase the volume of imports
Have no effect on the volume of imports or exports
Decrease the volume of imports
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In the years before the Civil War, Southern states, because of high protective tariffs, were forced to buy most of their manufactured goods from _________.
Fill in the blank(s) with the appropriate word(s).
The future value of $100 at a 5% per year interest rate at the end of one year is:
A. $95.00 B. 107.50 C. $105.00 D. $97.50
Please state whether you agree or disagree with the following statement, and why: "An increase in the price level of a country, relative to another country's price level, will cause its currency to appreciate."
What will be an ideal response?
According to Romer
A. ideas drive economic growth. B. capital drives economic growth. C. invention drives economic growth. D. government drives economic growth.