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.
Primary production is constrained by the most limiting factor.
Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
onions taste good
The proportion of men and women with elevated blood pressure or taking hypertension medication incre
What's Your BMI? As your BMI increases, you are more likely to be overweight or obese
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e