When an import quota is imposed on tomatoes, the price of tomatoes ________ and the quantity bought ________, so domestic consumers ________
A) rises; increases; lose
B) rises; decreases; lose
C) falls; decreases; lose
D) falls; increases; lose
E) rises; decreases; gain
B
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The large increase in mandatory spending over recent years is due largely to ______.
a. wars and terrorism b. high immigration c. an aging population d. poorly maintained roads
Explain the two main methods used to measure GDP.
What will be an ideal response?
The best measure of how much output the average person would get if all output were divided evenly among the population would be
A. The economic growth of the economy. B. GDP. C. Per capita GDP. D. The capital stock of the economy.
An increase in per capita production and incomes can be expected to have a large effect in reducing emissions that lead to global warming.
Answer the following statement true (T) or false (F)