Which of the following is FALSE?
A) Consumer surplus increases after a tariff is placed on imports.
B) Producer surplus increases after a tariff is imposed.
C) Government revenue increases after a tariff is imposed.
D) Deadweight losses result from tariffs.
A
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Marx's point that under capitalism workers are divorced from capital is:
a. How socialism extracts surplus value b. Dialectical materialism c. Imperialism d. Primitive capitalist accumulation e. All of the above
What happens to the monetary base if the domestic currency is undervalued (the central bank fixed the exchange rate below equilibrium) and the central bank intervenes to fix the exchange rate at its current level?
a. The change in the monetary base is ambiguous. b. The monetary base is only affected by interventions of the central bank when the domestic currency is overvalued. c. The monetary base will rise. d. The monetary base is never affected by interventions of the central bank. e. The monetary base will fall.