Author Question: If the United States imposes a tariff on 1 per imported shirt, the tariff will A) raise the price ... (Read 121 times)

dejastew · **on:** Jun 29, 2018

If the United States imposes a tariff on 1 per imported shirt, the tariff will

A) raise the price of a shirt to U.S. consumers.
B) benefit U.S. shirt producers.
C) decrease imports of shirts into the United States.
D) all of the above

Question 2

In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes a rent ceiling of 300 per month. In the short run there will be

A) a shortage of 500,000 apartments.
B) a shortage of 400,000 apartments.
C) a shortage of 200,000 apartments.
D) no shortage nor a surplus of apartments.