A U.S. tariff on oil would reduce the domestic quantity of oil demanded.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Current account surpluses are offset by
A) the liquidity balances. B) capital account deficits. C) unilateral transfers. D) balance of trade surpluses.
The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists see the decline in the middle class as a
A. consequence of the decline in growth, not a cause of it. B. Both a cause and a consequence of the decline in growth. C. cause of the decline in growth, not a consequence of it. D. Unrelated consequence to the decline in growth.
If technological change increases the profitability of new investments for firms, then the ________ curve for loanable funds will shift to the ________
A) supply; right B) supply; left C) demand; right D) demand; left
As a percentage of national income, corporate profits and proprietors' income is almost
A. 75%. B. 40%. C. 17%. D. 22%.