The organized labor movement was held back by the law of conspiracy
Indicate whether the statement is true or false
True
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Suppose that a tariff is imposed on imported cheese. This will have the effect of __________ the quantity consumed of cheese, __________ consumers' surplus, and __________ the government's tariff revenues
A) increasing; increasing; increasing B) decreasing; decreasing; increasing C) increasing; decreasing; decreasing D) decreasing; increasing; increasing E) decreasing; increasing; decreasing
Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and government purchases are $2 billion. If GDP is $14 billion, which of the following could be true regarding exports and imports in the economy?
A) Exports are $4.5 billion, and imports are $2 billion. B) Exports are $6 billion, and imports are $8.5 billion. C) Exports are $9 billion, and imports are $6 billion. D) Exports are $15 billion, and imports are $10.5 billion.