In the United States during the Great Depression, tariffs were ________ than they were following World War II, and ________ than they are today
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
A
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The graph below represents the market for walnuts. Identify the values of the marginal benefit and the marginal cost at the output levels of 2,000 pounds, 4,000 pounds, and 6,000 pounds
At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.
What is the impact on the foreign exchange market?
a. A rightward demand shift changes the equilibrium price of a euro from E2 to E1.
b. A leftward demand shift changes the equilibrium price of a euro from E2 to E1.
c. A rightward demand shift changes the equilibrium price of a euro from E1 to E2.
d. A leftward demand shift changes the equilibrium price of a euro from E1 to E2.