Author Question: Which of the following is NOT part of the first big economic question? A) What goods and services ... (Read 95 times)

Themember4 · **on:** Jun 29, 2018

Which of the following is NOT part of the first big economic question?

A) What goods and services are produced?
B) How are goods and services produced?
C) For whom are goods and services produced?
D) Why do incentives affect only marginal costs?

Question 2

A tariff is a tax

A) on an exported good.
B) on an imported good.
C) imposed on all traded goods.
D) imposed on people's income.
E) imposed on the difference between the value of the goods a firm imports and the value of the goods it exports.