In the figure above, the tariff ________ U.S. imports of shirts by ________ million shirts per year
A) decreases; 16
B) decreases; 8
C) increases; 8
D) increases; 4
A
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Which question is an illustration of a microeconomic question?
A. Is the purchasing power of the dollar higher or lower today than it was in 2008? B. Does government spending influence interest rates in the economy? C. Is the volume of wine produced in 1 year dependent on the price of wine? D. Does a government deficit reduce national economic growth?
If you left $2,500 on deposit with a bank promising to pay you a 6 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:
A. $2,800 B. $46,050 C. $250,750 D. $18,420
From 1929 to 1933, U.S. output dropped by about
a. 10 percent b. 20 percent c. 25 percent d. 50 percent e. 75 percent
The change in the ________ of a good leads to a change in ________, which leads to a ________.
A. quantity; supply; change in demand B. price; quantity supplied; movement along a supply curve C. supply; demand; change in price D. demand; quantity demanded; supply