An example of a quota that protects an American industry is the quota on
a. tourists entering the country.
b. sugar imports.
c. sales of oil products to foreign countries.
d. purchases of military hardware to foreign dictators.
e. All of the above are examples of protective quotas.
b
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An increase in the capital stock shifts
a) short-run aggregate-supply curve to the left and long-run aggregate-supply curve to the right. b) short-run aggregate-supply curve to the right but does not shift long-run aggregate-supply curve. c) long-run aggregate-supply curve to the right but does not shift short-run aggregate-supply curve. d) both short-run and long-run aggregate-supply curve to the right.
Which of the following bonds are considered to be default-risk free?
A) municipal bonds B) investment-grade bonds C) U.S. Treasury bonds D) junk bonds