John is a U.S. citizen who bought a house in Canada. This purchase will lead to a(n) ________

A) decrease in the GDP of Canada B) increase in the GDP of Canada
C) increase in the GDP of U.S. D) decrease in the GDP of U.S.

B

Economics

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To try to help farmers, governments I. set production quotas. II. set price ceilings

A) I and II B) only II C) only I D) neither I nor II

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Which of the following is a determinant of consumer demand?

A) expectation of the future relative price of a product B) taxes imposed on firms that sell the product C) cost of inputs used to produce the product D) number of firms that produce the product

Economics