Nominal GDP is calculated by using

Suppose that we interpret N as the "effective" labor supply. A "labor-augmenting" technological improvement, when graphed in the Solow growth model, causes (Y/N) to ________ and real GDP per person to ________

A) rise, rise B) rise, fall C) fall, rise D) fall, fall E) fall, remain unchanged

A nation can gain from imposing a tariff on imports if it forces exporting countries

a. to raise their prices to pay the tariff. b. to lower their prices to avoid stocks of unsold goods. c. to produce at diseconomies of scale. d. to accept some imports from the tariff-imposing nation.