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 100 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
Gracias!

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
The results from West and Crook's study of memory for telephone numbers The results from West and Crook's study of memory for telephone numbers
Results of a genome-wide association study (GWAS) to detect SNPs Results of a genome-wide association study (GWAS) to detect SNPs
Results of mixing blood of the same or differing ABO blood types Results of mixing blood of the same or differing ABO blood types
Video: Integumentary Anatomy

For a complete list of videos, visit our video library