In developed countries, tariffs on raw materials tend to be
A) highest of all.
B) higher than on manufactured goods.
C) equal to tariffs on manufactured goods.
D) lower than on manufactured goods.
D
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The total value of capital in the United States is around
A) $50 trillion. B) $10 trillion. C) $79 trillion. D) $100 trillion. E) $145 trillion.
The difference between consumer surplus and producer surplus in a market is equal to the deadweight loss
Indicate whether the statement is true or false
Suppose there are 100 consumers with identical individual demand curves. When the price of a movie ticket is $8, the quantity demanded for each person is 5 . When the price is $4, the quantity demanded for each person is 9 . Assuming the law of demand holds, which of the following choices is the most likely quantity demanded in the market when the price is $6?
a. 700 b. 1,200 c. 400 d. 1,000 e. 100
Falling energy prices could explain rising labor productivity in the 1990s
a. and the 1980s. b. and the 1970s. c. but not the 1980s. d. but not the 1970s.