If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price
a. increase in Japanese cars goes into the revenue of U.S. automakers.
b. increase in Japanese cars goes into the revenue of Japanese automakers.
c. increase in Japanese cars goes into the revenue of the U.S. government.
d. decrease in Japanese cars comes out of the revenue of U.S. automakers.
e. decrease in Japanese cars comes out of the revenue of the U.S. government.
c
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During a period of economic expansion, when expected profitability is high,
A) the demand curve for bonds shifts to the left. B) the supply curve of bonds shifts to the right. C) the equilibrium interest rate falls. D) the equilibrium price of bonds rises.
One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI:
a. uses current year quantities of goods and services. b. includes separate market baskets of goods and services for both base and current years. c. includes only goods and services bought by typical urban consumers. d. is bias free.