If an import tariff is reduced, the domestic quantity demanded is ____ and the quantity supplied domestically is ____, ____ the quantity of goods imported.
a. greater; lower; reducing

The Earned Income Tax Credit replaced many government transfer programs

a. True b. False

Unilateral transfers represent

A) the balance of services coming into a country. B) the balance of government bonds bought and sold by residents of a country. C) the balance of financial gifts—both private and public—entering and leaving a country. D) the balance of official transfers within an economy.