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Author Question: Which of the following is not a short-run impact of increasing tariffs on the American industries ... (Read 60 times)

melly21297

  • Hero Member
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  • Posts: 565
on: Jun 30, 2018
Which of the following is not a short-run impact of increasing tariffs on the American industries they seek to protect?
 a. government tax revenues increase
 b. domestic production and sales by the protected industries increase
 c. consumers' real incomes decrease
 d. total domestic and foreign sales of those products in the United States increase

Question 2

The U.S. government establishing a policy that it will bail out troubled financial institutions and a resulting increase in the number of bank failures is an example of:
 a. the moral hazard problem.
 b. the free rider problem.
 c. the adverse selection problem.
  d. the lemon problem.


Beatricemm

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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