An increase in domestic demand for a product protected by a quota results in an increase in producer surplus for domestic firms, while for a tariff it would result in more imports

Inflation ________ the cost of holding money and ________ the after-tax real interest rate

A) decreases; increases B) increases; decreases C) increases; increases D) decreases; decreases E) increases; does not change

The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then Tammy maximizes her utility by purchasing

A) 3 CDs and 1 video. B) 1 CD and 5 videos. C) 2 CDs and 3 videos. D) none of the above