A tariff on a good increases the domestic price of the good, increases domestic production of the good, reduces the amount of the good sold, and decreases imports of the good.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Most textiles worn by American consumers are produced in Asian and South American countries where the opportunity costs of production are lower. This observation refers to the:
a. law of supply.
b. income elasticity of demand.
c. principle of beneficial tariffs.
d. principle of comparative advantage.
e. law of decreasing returns to scale.
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Fossil fuels production
Electricity production accounts for 25% of greenhouse gas emissions
Vegetable oils are good sources of essential fatty acids
Almonds and other nuts are also good sources of protein
Nonshivering heat production