This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements concerning tariffs is NOT true? A) A tariff results in a ... (Read 83 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 29, 2018
Which of the following statements concerning tariffs is NOT true?
 
  A) A tariff results in a deadweight loss.
  B) A tariff creates revenue for the government.
  C) A tariff decreases international trade.
  D) A tariff leaves the price of imports unchanged.

Question 2

Producers' total revenue will decrease if
 
  A) income increases and the good is a normal good.
  B) the price rises and demand is elastic.
  C) the price rises and demand is inelastic.
  D) income falls and the good is an inferior good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juicepod

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jun 29, 2018
:D TYSM

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Summary of greenhouse experimental design and results Summary of greenhouse experimental design and results
The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses. The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses.
Position of the fetus in late pregnancy results in stresses on the mother’s body. Position of the fetus in late pregnancy results in stresses on the mother’s body.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library