If exports and imports both rose, but exports rose more than imports,
a. AD would decrease

A $2.00 increase in the size of a tax on a good will only cause the price for buyers to increase by $2.00 if

A) demand is perfectly inelastic. B) demand is perfectly elastic. C) demand is unit elastic. D) demand is inelastic, but not perfectly inelastic. E) demand is elastic, but not perfectly elastic.

Which of the following would shift a nation's production possibilities frontier outward?

A) an increase in demand for the nation's products B) discovering a cheaper way to convert sunshine into electricity C) a decrease in the unemployment rate D) a law requiring workers to retire at age 50