In the market for apples in a certain country, consumer surplus increases and total surplus increases when that country
a. abandons a no-trade policy, adopts a free-trade policy, and becomes an importer of apples.
b. abandons a no-trade policy, adopts a free-trade policy, and becomes an exporter of apples.
c. abandons a free-trade policy, adopts a no-trade policy, and becomes an importer of apples.
d. abandons a free-trade policy, adopts a no-trade policy, and becomes an exporter of apples.
a
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Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and the monetary base in the context of the Three-Sector-Model? a. The reserves account becomes
more negative (or less positive) and monetary base falls. b. The reserves account becomes more negative (or less positive) and monetary base rises. c. The reserves account becomes more positive (or less negative) and monetary base falls. d. The reserves account and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Taxable income is
A. Adjusted Gross Income - Exemptions. B. Adjusted Gross Income - Exemptions - Deductions - Credits. C. Adjusted Gross Income - Exemptions - Deductions. D. Adjusted Gross Income - Exemptions - Deductions - Credits - Taxes Withheld.