Refer to the figure above. With the tariff, the government collects
A) $50,000.
B) $60,000.
C) $100,000.
D) $220,000.
A
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The exchange rate is kept the same across geographically-separate markets by
A) hedging. B) speculation. C) government regulation. D) arbitrage.
If there is a decrease in world investment ________
A) domestic investment would fall B) net capital outflow would increase C) the domestic interest rate would go up D) all of the above E) none of the above
An example of moral hazard is
a. people drive as carefully in icy conditions with antilock brakes as without b. people drive as safely with more airbags as without c. football players avoid 'spearing' with their heads even with safer helmets d. people fail to read the medicine warnings more often when self-medicating versus with a doctor's prescription
Which of the following is included in GDP?
a. the value of illegally produced goods b. the value of housework by a stay-at-home dad c. the value of volunteer work done at a local homeless shelter d. the cost of government-provided social services