Refer to Figure 9-2. If the tariff was replaced by a quota which limited rice imports to 16 million pounds, the amount of revenue received by rice importers would equal

Who sets the rules for entitlements when spending is authorized under this category?

A) the agency involved B) the Congress when it appropriates the spending C) each individual state D) the President

In the short run, the downward slope to the Phillips curve is mainly due to:

a. Differences between expected inflation and actual inflation. b. Differences between actual and expected real GDP growth rates. c. Differences between actual and expected sun spots. d. Differences between actual and expected changes in productivity. e. Differences between actual and expected nominal exchange rate changes.