Lead is an important input in the production of crystal. If the price of lead decreases, then we would expect the supply of

The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. If imported rice is banned, the consumption distortion loss is equal to

A) a + b + c + d. B) a + b + c + d + f + g. C) f + g. D) a + c + f + g.

As global financial markets become more intertwined, the Fed has

A) less control over monetary policy. B) more control over monetary policy. C) more control over fiscal policy. D) less control over fiscal policy.