A perfectly inelastic demand schedule:

Refer to the above graph. An increase in the supply of yen will result in:

Evidence of a chronic balance of payments deficit is:

Answer Question 21 based on the information contained in the following graph

If the demand for farm products is price inelastic, a good harvest will cause farm revenues to:

As it relates to international trade, dumping:

Refer to the above diagram where xy is the relevant budget line and I1, I2, and I3 are indifference curves. At point K: 

In effect tariffs on imports are:

Which of the following would tend to raise the value of the U.S. dollar in foreign exchange markets?

Refer to the above graph. Higher inflation in the United States relative to that in Canada, ceterisparibus, is predicted to cause a(n):