Control of monetary policy rests with

Which of the following situations will arise in the domestic market following the removal of an import quota?

A) imports increase, domestic production increases, prices increase B) imports decrease, domestic production decreases, prices increase C) imports decrease, domestic production increases, prices decrease D) imports increase, domestic production decreases, prices decrease

According to the article, we can conclude that the standard of living

A) is higher in Brazil because its citizens feel more control over their lives and have experienced job and wage growth. B) is higher in Japan because their life expectancy is longer. C) is higher in Japan because its GDP is higher. D) might be higher in Japan because it has a higher per capita real GDP but other factors such as Brazilians' satisfaction with their lives and economic growth should be considered when determining economic well-being.