If the U.S. imposes an import quota on clothing, then the
a. supply of dollars in the market for foreign-currency exchange shifts right.
b. supply of dollars in the market for foreign-currency exchange shifts left.
c. demand for dollars in the market for foreign-currency exchange shifts right.
d. demand for dollars in the market for foreign-currency exchange shifts left.
c
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If the marginal tax rate is 20%, by how much must income have increased if your tax bill increases by $300?
A. $1,500 B. $300 C. $1,000 D. Cannot be determined
Ticket "scalping" is an example of
a. experimental economics. b. the limitation of the volume of transactions. c. the development of a black market. d. favoritism.
Farming in poor countries is considered to be ________ intensive because ________.
A. labor; the tools in poor countries are more plentiful than the people B. labor; labor is typically relatively cheaper than machinery in poor countries C. capital; the labor used is concentrated, spread thinly across a lot of capital D. capital; the tools in poor countries are relatively cheaper than the cost of using people in poor countries
When the Fed lowers the discount rate, it makes it:
A. cheaper for banks to borrow from each other. B. cheaper for banks to obtain additional reserves by borrowing from the Fed. C. more difficult for banks to accept deposits. D. more difficult for banks to extend loans.