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 98 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
Great answer, keep it coming :)

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

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).

Allen Test: An occluded ulnar artery results in continued pallor of the hand while the radial artery Allen Test: An occluded ulnar artery results in continued pallor of the hand while the radial artery
(A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive (A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive
Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Results of mixing blood of the same or differing ABO blood types Results of mixing blood of the same or differing ABO blood types
Maternal Serum Screen Results Indicating an Abnormality Maternal Serum Screen Results Indicating an Abnormality
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library