When a tariff is imposed on a good, domestic consumers of the good ________ and domestic producers of the good ________

Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If the legal reserve requirement is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?

a. $2 million b. $4 million c. $10 million d. $16 million e. $20 million

The U.S. has a mixed economy because

A. the government helps in answering the three basic questions of economics: what, how and for whom. B. the laissez faire market system lacks government intervention. C. all goods and services are provided privately. D. the central planning body makes all market decisions.