Author Question: If the U.S. government places tariffs on imports from countries that have been accused of ... (Read 71 times)

genevieve1028 · **on:** Jun 29, 2018

If the U.S. government places tariffs on imports from countries that have been accused of deliberately undervaluing their currencies, the price of these imports will ________ and the demand for the undervalued currency will ________.

A) rise; fall B) fall; rise C) rise; rise D) fall; fall

Question 2

Refer to Table 4-1. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is 95 dollars, total consumer surplus will be

A) 0. B) 35. C) 80. D) 95.