If more people enter medical school, we can expect:
a. the demand for doctors to increase.
b. the supply of doctors to increase.
c. the demand for doctors to decrease.
d. the supply of doctors to decrease.
e. no effect on the supply or demand of doctors?just a movement along the curves.
b
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If the government removes a $1 tax on sellers of gasoline and imposes the same $1 tax on buyers of gasoline, then the price paid by buyers will
A. not change, and the price received by sellers will not change B. increase, and the price received by sellers will increase. C. increase, and the price received by sellers will not change. D. not change, and the price received by sellers will increase
A trade barrier whereby foreign firms agree to limit the quantity of exports to a particular country is called a:
A) quota. B) tariff. C) nontariff barrier. D) voluntary export restriction.