According to economic theory, state governments
A) will be biased toward chronic budget deficits.
B) will act in the public interest.
C) will act in the national interest.
D) will do all of the above.
E) will do none of the above.
E
Economics
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Refer to the figure above. What is the producer surplus when Lithasia engages in trade and the government imposes a tariff of $1 on chairs?
A) $5 B) $20 C) $30 D) $40
Economics
An increase in the supply of bonds
A) raises the interest rate and increases equilibrium quantity of bonds. B) raises the interest rate and decreases equilibrium quantity of bonds. C) lowers the interest rate and decreases equilibrium quantity of bonds. D) lowers the interest rate and increases equilibrium quantity of bonds.
Economics