The main redistribution effect of a tariff is the transfer of ...

[V@ndy87]

The main redistribution effect of a tariff is the transfer of income from
 
  A) domestic producers to domestic buyers.
  B) domestic buyers to domestic producers.
  C) domestic producers to domestic government.
  D) domestic government to domestic consumers.
  E) foreign producers to domestic consumers.

Question 2

Under the gold standard, if the dollar price of gold is pegged at 35 per ounce and the euro price of gold is pegged at 12 euro per ounce, what is the dollar/euro exchange rate?
 
  What will be an ideal response?

[zoeyesther]

Answer to Question 1

B

Answer to Question 2

The dollar/euro exchange rate must be constant and equal to
(35 per ounce) / (12 euro per ounce) = 2.92 per euro.

[V@ndy87]

TYSM

[frankwu0507]

Thanks for the timely response, appreciate it