Which of the following is NOT a major argument for restricting international trade?
A) the national security argument
B) the promotion of dumping in America
C) the infant industry argument
D) saves U.S. jobs argument
E) the prevention of dumping argument
B
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A decrease in the price level
a. decreases investment spending, thereby shifting the AD curve. b. increases investment spending, thereby shifting the AD curve. c. does not shift the AD curve. d. increases autonomous consumption spending, thereby shifting the AD curve. e. changes the slope of the AD curve.
Which of the following is not an attempt to remedy and externality?
A. A tax per ton of sulfur dioxide pollution. B. Government quotas for individual fisherman to limit harvesting of wild salmon. C. Home association codes requiring home owners to maintain front yards. D. Price controls to combat the effects of the cost disease.