Author Question: At the time policymakers debated the Trans-Pacific Partnership, the United States imposed ________ ... (Read 109 times)

mikaylakyoung · **on:** Jun 29, 2018

At the time policymakers debated the Trans-Pacific Partnership, the United States imposed ________ on the value of imported shoes and shoe parts.

A) tariffs of 1.5 to 12.5 percent B) tariffs of 95 percent
C) no tariffs D) tariffs of 25 to 67.5 percent

Question 2

Refer to Scenario 1-2. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 500 cigars?

A) sales revenue B) gross earnings C) marginal revenue D) gross profit