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):

The basic type of intervention by central banks under the managed floating exchange rate system is to:

Refer to the above information. If these two nations specialize based on comparative advantage:

A protective tariff will: