If Ford sells 200 Explorers for a total of $400,000 to Germany, while the United States imports 100 BMWs for a total of $500,000 from Germany
A) U.S. GDP increases because it sells more Explorers.
B) U.S. GDP decreases because net exports are negative.
C) Germany's GDP decreases.
D) U.S. net exports is positive.
B
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What is the world price of sugar without the tariff? 
A. $1,500/ton B. $2,000/ton C. $1,000/ton D. $500/ ton
If production displays diseconomies of scale, the long-run average cost curve is
A) above the long-run marginal cost curve. B) downward sloping. C) above the short-run average total cost curve. D) upward sloping.
An investor will generally find that hiring an investment firm to actively manage his or her portfolio will
A) result in a higher return than would be received from an index mutual fund. B) be less expensive than simply placing money in an index mutual fund. C) result in a higher return, but will be more expensive than placing money in an index mutual fund. D) result in about the same return, but be more expensive than placing money in an index mutual fund.
In an economy in which real output grows at an average rate of 3 percent per year, a 7 percent average rate of growth in the money supply would result in
a. an inflation rate of 4 percent, if velocity were constant. b. an inflation rate of -4 percent, if velocity were constant. c. a $4 increase in the price level per year. d. a $4 decrease in the price level per year.