The above figure shows the U.S. market for flip-flops. With international trade, U.S. consumers buy ________ flip-flops and U.S. producers produce ________ flip-flops
A) 500,000; 500,000
B) 300,000; 700,000
C) 700,000; 500,000
D) 700,000; 300,000
E) 500,000; 300,000
D
Economics
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If the Fed sells U.S. government securities to banks, the federal funds rate ________ and banks' reserves ________
A) falls; increase B) rises; increase C) falls; decrease D) rises; do not change E) rises; decrease
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What is the lowest price the firm would accept in the long run?
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