The thought behind Say’s law is that each time a good or service is produced and sold, it generates _______________ that is earned for someone else.

In the figure above, U.S. consumers' ________ from the tariff is ________

A) loss; $176 million B) gain; $64 million C) loss; $80 million D) gain; $128 million

An increase in spending in an economy will cause a multiplied increase in gross domestic product because

A) government spending is greater than zero B) investment is greater than zero C) investment increases as income decreases D) consumption increases as income increases E) taxes increase as income increases