1. Which of the following isNOT a depository institution?

a commercial bank

a credit union

a finance company

a savings and loan association

2.

Which of the following is true of government-imposed tariffs, quotas, and other trade barriers?

While trade barriers are most likely to result in a decrease in producer surplus, they also result in an increase in consumer surplus.

While trade barriers increase the overall efficiency of domestic markets, they also distort the market structure of the domestic economy.

While trade barriers foster employment in the industries shielded from competition, jobs in other domestic sectors will be reduced.

While trade barriers are most likely to decrease the amount of imports of a country, sales to foreigners are most likely to increase.

3.

Which Of the following statements, which is most true of trade restrictions?

Group of answer choices

They provide benefits to consumers in the form of lower prices of goods.

They result in the maximization of total welfare in an economy and potential gains from international trade.

They generate a higher per capita income for an economy.

They provide concentrated benefits to the producers in industries they are designed to protect.