Which of the following is true of a tariff?
a. It is a tax levied by the government on domestic production of goods and services.
b. It is a quantitative restriction on imports imposed by the government.
c. It is a monetary benefit received by exporters from the government.
d. It is a monetary benefit received by importers from the government.
e. It is a tax on import and export levied by the government.
Question 2
When markets reach the ____ price all the opportunities for mutually beneficial trade have taken place and the sum of consumer and producer surplus is ____.
a. minimum, maximized
b. maximum, minimized
c. equilibrium, maximized
d. equilibrium, shared equally between consumers and producers
Adapoids and omomyoids had longer snouts and are the first “true” primates.
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Passage of the “Tariff of Abominations,” 1828
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
A close relationship between greenhouse gas emissions and a country’s gross domestic product
QTL mapping in domestic tomato