[Answered] If a tariff of 10 has no effect on the world price, the optimal tariff on that product A) is 10. ...

This topic contains a solution. Click here to go to the answer

Author Question: If a tariff of 10 has no effect on the world price, the optimal tariff on that product A) is 10. ... (Read 66 times)

amal

Hero Member
Posts: 572

on: Jun 30, 2018

If a tariff of 10 has no effect on the world price, the optimal tariff on that product

A) is 10.
B) is zero.
C) is higher than 10.
D) depends upon the amount of government revenue collected.

Question 2

The Latin American region has more economic equality than the HPAE because nations are more democratic.

Indicate whether the statement is true or false

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

matt95

Sr. Member
Posts: 317

Reply #1 on: Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

FALSE

amal

Member
Posts: 572

Reply 2 on: Jun 30, 2018

Excellent

Liddy

Member
Posts: 342

Reply 3 on: Yesterday

Gracias!

« previous next »

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.