In the absence of discrimination, as human capital investments increase, wages will generally

When there is no Ricardo-Barro effect, a government budget surplus ________ the real interest rate because the ________ loanable funds increases

A) lowers; supply of B) lowers; demand for C) raises; supply of D) raises; demand for E) None of the above answers is correct because the real interest rate does not change.

Which of the following methods of restricting trade does NOT create a deadweight loss?

A) a tariff B) a quota C) a voluntary export restraint D) Both answers A and B are correct. E) None of the above answers is correct because all the methods create a deadweight loss