Answer: If the United States eliminates its import quotas on Costa Rican sugar, <em><u>consumer surplus for American consumers of sugar products will rise.</u></em>
Here, the United States has finally decided to eliminates its import quotas on Costa Rican sugar. This will further allow the producer in Costa Rica to export more quantity of this commodity.
Answer:
Price level may increase or decrease and output decreases.
Explanation:
The price level is determinated bu the money supply and demand. A single price, in this case oil, cannot determinate prices or we end up in a loop.
So this is insufficient information to determinate the price level.
While the income decrease at a worldwide level will make the output of the economy even lower.
Answer:
Quiet enjoyment
Explanation:
Quiet enjoyment is a clause in lease agreement that provides a guarantee that the tenant will occupy the property in peace without interference from any other claimants or the landlord.
For example this clause protects a tenant from being removed from a property by someone of higher rank or authority like an agent.
The law recognises quiet enjoyment even when it is not stated explicitly in a lease agreement. It is assumed that every tenant has a right to quiet enjoyment
Answer:
D) The Federal Reserve tightens interest rates in an effort to fight inflation.
Explanation:
When the Federal pursues a contractionary monetary policy to fight inflation, it sells securities in order to raise the interest rate.
A higher interest rate means that both investing and borrowing becomes more expensive. The firm's previous debts become more expensive because they interest rate is now higher. For this reason, other things held constant, the frim has to raise its target debt ratio.
You are correct. It is D. Defective or damaged products. Hope this helps!
