In 1995, the United States threatened to impose 100 percent tariffs on ________ from ________ if it didn't loosen its protectionist policies

Suppose the Fed buys $100,000 of U.S. Treasury bonds from Bill Gates. If the reserve requirement is 10 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the transaction, the total impact on the money supply will be

a. an increase by $100,000. b. an increase by $1,000,000. c. a decrease by $100,000. d. a decrease by $1,000,000.

John and Jane Smith are both economists who are deciding how to split household chores of cooking and cleaning. They discover that John has a comparative advantage in cooking. Does this discovery tell them anything about comparative advantage in cleaning?

A. No, either one may have a comparative advantage in cleaning. B. Yes, John must also have a comparative advantage in cleaning. C. Yes, Jane must have a comparative advantage in cleaning. D. No, both or neither may have a comparative advantage in cleaning.