Which of the following is not a short-run impact of increasing tariffs on the American industries they seek to protect?
a. government tax revenues increase
b. domestic production and sales by the protected industries increase
c. consumers' real incomes decrease
d. total domestic and foreign sales of those products in the United States increase
Question 2
The U.S. government establishing a policy that it will bail out troubled financial institutions and a resulting increase in the number of bank failures is an example of:
a. the moral hazard problem.
b. the free rider problem.
c. the adverse selection problem.
d. the lemon problem.
A Tibetan wolf killed in 1938. Note the proportionately short legs
Comet Tempel 1 67 seconds after colliding with the Deep Impact probe.
2008 launch of the SM-3 missile used to destroy American spy satellite USA-193
Increasing Costs of Natural Disasters
The grand opening of the huge Miraflores lock on the Panama Canal in October, 1914. The locks were b
John Gast, American Progress.