A tariff does not raise any revenue for the government if:

Keynesian theory became important when classical economic theory did not adequately explain:

A. A prolonged period of both inflation and unemployment. B. A prolonged growth recession. C. A depression. D. A prolonged period of inflation. E. Outsourcing.

A U.S. mutual fund uses $1 million to buy yen from a Japanese bank. It then uses these yen to buy stocks in a Japanese electronics firm. The Japanese electronic firm then exchanges the $1 million dollars of yen for dollars from a U.S. bank. It uses

these dollars to buy equipment manufactured by a company located in the U.S. As a result of these exchanges, by how much, if at all, and in which direction does: A. U.S. net exports change? B. U.S. net capital outflow change?