An analysis of the case of Harley-Davidson reveals that the deadweight loss of import protection ___________ the gain in future producer surplus.
a. was slightly less than
b. slightly exceeded
c. vastly exceeded
d. was roughly the same as
Ans: a. was slightly less than
Economics
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If the consumption function is C = 25 + 0.9y and income increases by $100, then consumer spending will increase by
A) $10. B) $25. C) $90. D) $115.
Economics
If a the government of Country Z is running a budget deficit and net exports are zero, then
A) investment is greater than saving. B) investment and saving are equal. C) saving is greater than investment. D) none of the above.
Economics