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Suppose japan can produce 30 tons of beef or 120,000 cars using the same amount of resources. Whereas, united states can produce 50 tons of beef or 50,000 cars using the same amount of resources What would be the terms of trade between japan and U.S for I ton of beef? 1) Between 50,000 and 120,000 units of cars. Between 3000 and 5000 units of cars Between 1000 and 4000 units of cars. Between 0.00025 and 0.001 units of cars. When quotas are imposed, compared to free trade, it would increase the quantity imported and price will go up. decrease the quantity imported and price will go up. ease the quantity imported and price will go down. decrease the quantity imported and price wit ) down Suppose that in a demand and supply framework, the demand curve shifts to the left and the supply curve shifts to the right. As a result, there's no change in equilibrium price. equilibrium price should decrease," equilibrium price could increase or decrease. equilibrium price should increase Why are banks required to hold funds as required reserve? Because depositors may want to withdraw money at any time. muse the government may decide to take money from the banks. mouse the banks can earn more profit by holding required reserves. Because the Fed may want to borrow money from the banks at any time