Ebay, an American firm, purchases $6M of new computer technology from Germany. We see that GDP ______ as a result of the imports in the short run. 

Opposition to immigration is called:

American consumers of foreign products are hurt when tariffs or quotas are imposed. 

There is a cumulative final test in this course. 

A quota is imposed on grain imported from Central America. From this we know that the quantity exchanged of the foreign grain will decrease. But the quantity exchange of the domestic substitute will increase. 

As an example, he surveyed French people about what percent of the population is made up of immigrants. Responses showed that the French drastically underestimated the portion of the population that were immigrants…thought there was about 7% when it was really more like 17%. 

What was the primary driver of IBM’s ROA for 2014 through 2016?

Legal protections, like patents, can serve as a trade barrier as well. 

Sam is willing to pay $34 for a pair of blue jeans. Steve is willing to pay $36. Frank is willing to pay $44. Kevin is willing to pay $29. The price that these jeans are exchange in the marketplace for is $28. If Kevin purchases the blue jeans, his consumer surplus is $____ (enter number only). 

The World Bank has set a goal of eliminating extreme poverty by 2045.