Which of these transactions results in an increase in M2?
A) certificate of deposit matures, adding $520 to your checking account
B) withdrawal of $100 cash from your checking account
C) depositing a bank loan of $400 into your savings account
D) depositing a $300 paycheck into your savings account
E) none of the above
C
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Surveys have found that ____________ are the strongest proponents of placing limits on imports.
a. unskilled workers b. farmers c. skilled workers d. college professors
The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict imports of some goods?
A) Trade can have significant harmful effects on some segments of a country's economy. B) The Ricardian model is often incorrect in its prediction that trade can be mutually beneficial. C) Import restrictions are the result of trade wars between hostile countries. D) Imports are only restricted when foreign-made goods do not meet domestic standards of quality. E) Restrictions on imports can have significant beneficial effects on domestic consumers.