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Author Question: A tariff is a A) tax on an exported good or service. B) tax on an imported good or service. C) ... (Read 698 times)

wenmo

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on: Jun 29, 2018
A tariff is a
 
  A) tax on an exported good or service.
  B) tax on an imported good or service.
  C) subsidy on an exported good.
  D) subsidy on an imported good.

Question 2

According to the total revenue test, a price cut increases total revenue if demand is
 
  A) inelastic.
  B) perfectly inelastic.
  C) elastic.
  D) unit elastic.


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pangili4

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


wenmo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

recede

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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