If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
A) the U.S. will be able to export more goods abroad.
B) the U.S. will be able to produce more output than would be otherwise the case.
C) foreigners will have fewer U.S. dollars with which to buy U.S. goods and services.
D) the domestic producers in the protected industries will supply goods to U.S. consumers at lower prices than would be otherwise the case.
C) foreigners will have fewer U.S. dollars with which to buy U.S. goods and services.
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Intel and AMD are a duopoly that produces CPU chips. Intel and AMD can conduct R&D or they cannot conduct R&D. The table above shows the payoff matrix for the two firms. AMD is playing a tit-for-tat strategy and Intel did not conduct R&D last
Then, of the following answers, Intel's total profit for the next two periods is the highest if Intel ________ R&D this period and ________ R&D next period. A) conducts; conducts B) does not conduct; conducts C) conducts; does not conduct D) does not conduct; does not conduct E) conducts; either conducts or does not conduct because the profit is the same in either case
In an economy without government or a foreign sector it is always true that
A) actual saving equals actual investment. B) actual saving equals desired investment. C) desired saving equals desired investment. D) desired saving equals actual investment.
Economic growth is represented by an inward shift of the production possibility curve
a. True b. False Indicate whether the statement is true or false
Which type of exchange rate system minimizes external shocks to an economy?
What will be an ideal response?