If assets are imperfect substitutes, then a decrease in the amount of domestic currency bonds held by the public will ________ the risk premium and ________ the amount of domestic currency bonds held by the central bank

Tastes for products such as beer differ. As a result

A) consumers of beer have difficulty deciding what type of imported beer to buy. B) the quality of imported beer is less than it could be. C) we see countries specializing completely in the production of beer. D) different countries may each have a comparative advantage in producing different types of beer.

Protection from foreign competition benefits domestic producers in the protected industry at the expense of domestic consumers

a. True b. False Indicate whether the statement is true or false