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

Author Question: A tariff hurts A) the government by decreasing its revenue. B) domestic producers who can't ... (Read 62 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
A tariff hurts
 
  A) the government by decreasing its revenue.
  B) domestic producers who can't compete with cheaper imports.
  C) consumers who pay more for the imported good.
  D) All of the above answers are correct.

Question 2

As a person consumes more of a good, the
 
  A) marginal benefit increases.
  B) marginal benefit decreases.
  C) marginal benefit increases or decreases depending whether or not the economy is on the PPF.
  D) price of the good falls.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

B




gbarreiro

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library