The effects of tariffs and quotas are: a(n) __________ in the prices of imported goods to domestic consumers, and a(n) __________ in imports

A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

B

Economics

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Paper currency that could be redeemed for a specific quantity of an underlying commodity is called

A) commodity money. B) fiat money. C) representative commodity money. D) Federal Reserve cash.

Economics

If average incomes of a nation don't rise over time:

A. it will have no impact on the nation's ability to improve health. B. improvements in health are still very likely. C. improvements in health are impossible. D. improvements in health are still possible.

Economics