A tariff ______ the domestic price of a good and ______ the quantity sold.

Under a gold standard, a balance of payments surplus automatically

A. raised interest rates. B. increased exports. C. increased domestic prices. D. decreased imports.

Foreign income is defined to be income earned:

A. on investments made abroad. B. by those living outside a country. C. when a domestic citizen works abroad. D. by a nation's firms when they operate abroad.