Refer to Figure 9-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?

Political considerations are unimportant to an understanding of tax policy

a. True b. False

Which of the following would be most likely to increase the quantity of money demanded?

a. A decrease in real income b. An increase in real income c. A decrease in the interest rate d. An increase in the cost of converting other assets into money e. An increase in the price level