Author Question: Which one of the following will shift the consumption function upward? a. Higher interest rates. ... (Read 65 times)

CQXA · **on:** Jun 30, 2018

Which one of the following will shift the consumption function upward?
a. Higher interest rates.
b. An increase in real assets.
c. Expectations of future economic growth.
d. Lower capacity utilization rates.
e. A tax increase.

Question 2

A major difference between a tariff and a quota is that a tariff:
a. will reduce imports, but a quota generally will not.
b. can easily be rescinded, but a quota cannot.
c. will reduce the ability of foreigners to obtain the purchasing power to buy a nation's export goods, but a quota will not affect the foreign demand for the nation's exports.
d. typically generates tax revenue, while a quota does not.