An increase in aggregate demand is most likely to be caused by a(n) ________.
A. decrease in the tax rates on household income
B. increase in real interest rates
C. decrease in expected returns on investment
D. decrease in government spending
Answer: A
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Suppose Brian Adams wants to perform a concert in the City Park in Corner Brook, Newfoundland. The city officials argue that the only way the concert can be given permission to be performed in the City Park is if it is free of charge. If Brian Adams agrees to performing free of charge, then the concert is:
a) rival and nonexcludable b) a private good c) excludable d) nonexcludable
Which of the following is a reason why antidumping actions are used more frequently than safeguard actions?
I. It is easier to meet the criterion that imports have caused "material injury" to a domestic industry than the criterion that imports were a "substantial cause of serious injury." II. The President does not need to approve antidumping duties. III. The President has to approve duties imposed under safeguard actions. a. I b. II c. III d. I, II, and III