A tariff imposed on foreign imports will cause _____.
a. demand for imports to increase
b. domestic prices of imported goods to rise
c. market supply of importable goods to increase
d. domestic prices of imported goods to fall
e. market supply of domestic goods to decline
Question 2
The natural rate hypothesis suggests that improvements in technology that occur normally during the course of time will lead the economy to the natural rate of unemployment.
a. True
b. False
Indicate whether the statement is true or false
U.S. oil imports
Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
Increase in rainfall on continents
China has relied on cheap coal to meet its demand for energy
How an Increase in Income Inequality Affects the Desired Tax Rate
Effect of an Increase in R&D in the Follower Country on the Steady State