If the U.S. government imposes an import quota on beef, U.S. net exports will
a. increase, the real exchange rate of the dollar will appreciate, and domestic sales of U.S. beef will increase.
b. increase, the real exchange rate of the dollar will depreciate, and domestic sales of U.S. beef will not change
c. not change, the real exchange rate of the dollar will appreciate, and domestic sales of U.S. beef will increase.
d. not change, the real exchange rate of the dollar will depreciate, and domestic sales of U.S. beef will not change.
c
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In an industry with a large number of firms,
A) each firm will produce a large quantity, relative to market demand. B) one firm will dominate the market. C) collusion is impossible. D) competition is eliminated. E) barriers to exit must exist.
In Figure 45.5, where one union is bargaining against one employer, the lowest possible negotiated wage paid to workers will be 
Figure 45.5
A. W1. B. W*. C. W2. D. an undetermined point between W1 and W2.