As a result of a tariff on an imported good,
a. domestic producers are better off because they sell more goods at the same price
b. domestic producers are better off because they sell more goods at a higher price
c. domestic producers are better off because they sell the same quantity of goods at a higher price
d. domestic consumers are better off because there are more domestically produced goods available
e. domestic consumers are neither better off nor worse off because imports do not change
B
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Why does the GG schedule have a positive slope?
A) The monetary efficiency gain a country gets by joining a fixed exchange rate area falls as its economic integration with the area increases. B) The monetary efficiency gain a country gets by joining a fixed exchange rate area rises as its economic integration with the area decreases. C) The monetary efficiency gain a country gets by joining a fixed exchange rate area rises as its economic integration with the area increases. D) The monetary efficiency gain a country gets by joining a floating exchange rate area rises as its economic integration with the area increases. E) The monetary efficiency gain a country gets by joining a fixed exchange rate area is constant after their integration into the area.
Events that shift the Ap demand schedule to the left also cause ________ the IS curve
A) movements downward along B) movements upward along C) parallel rightward shifts of D) parallel leftward shifts of
Which term refers to the share of an activity's marginal cost that is paid for by people other than those who carry out the activity?
a. Beneficial cost b. Incidental cost c. Marginal private cost d. Marginal social cost
In some countries, brand name fast-food restaurants are not allowed to operate. Such restrictions are likely to
a. enhance the social welfare of society. b. increase the number of fast-food restaurants. c. reduce barriers to entry in imperfect markets. d. reduce the competitive nature of local fast-food markets.