This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Levying a tariff on an imported good A) shifts the demand curve down for the good. B) shifts the ... (Read 96 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
Levying a tariff on an imported good
 
  A) shifts the demand curve down for the good.
  B) shifts the supply curve up for the good.
  C) Both A and B.
  D) Not enough information to determine.

Question 2

A commodity or service whose consumption by one person does not preclude others from also consuming it is called a
 
  A) private good.
  B) public good.
  C) Giffen Good.
  D) Coase Good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


javeds

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 1, 2018
Correct answers!


ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Passage of the “Tariff of Abominations,” 1828 Passage of the “Tariff of Abominations,” 1828
Provisions of The Underwood-Simmons Tariff Provisions of The Underwood-Simmons Tariff
Sectoral Shifts Sectoral Shifts
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Older Adults Benefit from Good Nutrition and Physical Activity Older adults Older Adults Benefit from Good Nutrition and Physical Activity Older adults
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Bone Healing Animation

For a complete list of videos, visit our video library