Refer to the figure above. If this were a voluntary restraint agreement, the welfare costs to the importing country would be
A) 14,000.
B) 18,000.
C) 38,000.
D) 60,000.
Question 2
In Zimbabwe, the government stopped the country's hyperinflation by
A) reducing domestic monetary growth drastically.
B) returning to a gold/silver currency standard.
C) switching to foreign currencies. that are relatively stable.
D) passing a law making price increases illegal.
E) implementing a new currency based on diamonds.
Apply belt restraint
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
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