The primary objective of inward-oriented strategies is:
a. to raise government revenue through tariffs and other import taxes.
b. to lower the domestic price of imports.
c. to replace imported manufactured goods with domestic goods.
d. to encourage imports through reduction of tariff and non-tariff barriers.
e. to encourage the production of those goods in which the country has an absolute advantage.
c
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Price discrimination occurs when a firm
A) charges customers different prices for different goods. B) is able to sell different units of a good at different prices. C) charges customers the same price for different goods. D) can determine which of the many market equilibrium prices it will charge. E) has a marginal cost curve that is horizontal.
If the Federal Reserve sells $1,000 in bonds and, as a result, the money supply decreases by $2,500, what is the required reserve ratio?
a. 0.4 b. 2.5 c. 0.5 d. 0.1 e. 0.2