When a country allows trade and becomes an importer of steel,
a. the losses of the domestic producers of steel exceed the gains of the domestic consumers of steel.
b. the losses of the domestic consumers of steel exceed the gains of the domestic producers of steel.
c. the gains of the domestic producers of steel exceed the losses of the domestic consumers of steel.
d. the gains of the domestic consumers of steel exceed the losses of the domestic producers of steel.
D
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Which occurrence could cause the demand curve for cars in your city to shift to the left?
(A) A layoff of 500 workers at the city's airport. (B) Hundreds of new people moving into your city. (C) A sale at the local dealership that ends next week. (D) A rise in the average wages
Other things the same, a decrease in the price level makes the dollars people hold worth
a. more, so they can buy more. b. more, so they can buy less. c. less, so they can buy more. d. less, so they can buy less.