Refer to Figure 7-3. What is the reduction in value of consumer surplus after the imposition of the quota?

Comparing developed and developing nations in their use of tariffs, we see that

A) the developing nations' governments get very little revenue from tariffs. B) both governments get large amounts of revenue from tariffs. C) many developing nations' governments get a large portion of their revenue from tariffs. D) developing nations almost never impose tariffs because they want their people to obtain goods and services at the lowest possible price. E) developed nations rely much more than developing nations on tariff revenue.

If policymakers are expected to increase the money supply, then Monetarists argue that bond demand and thus prices will __________

When it occurs, the actual increase in the money supply will have no further effect on bond prices and thus the anticipated higher inflation rate will cause interest rates to __________. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease