A country could correct a balance-of-payments surplus by
A. Expansionary fiscal policy.
B. Contractionary monetary policy.
C. Decreasing the money supply.
D. Increasing tariffs on imported goods.
Answer: A
Economics
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Collusion occurs when firms ________
A) charge a price equal to their marginal cost of production B) conspire to set the quantity they produce or the prices they charge C) compete with each other by setting a price slightly lower than the rival's price D) compete with each other by differentiating their products
Economics
Consider the demand functions: A) Qd = 250 - 2P B) Qd = 300 - 3P. Which of the demand functions reflects a higher level of consumer incomes?
A) A B) B C) A and B reflect the same consumer incomes. D) More information is needed.
Economics