If a government imposes high enough tariffs, one result will be that
A. markets will become more globalized.
B. consumers will benefit from lower prices.
C. domestic producers will face no foreign competition.
D. foreign producers will be able to sell more goods.
Answer: C
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A government-imposed price floor in the tobacco market will raise the value of land used to grow tobacco
Indicate whether the statement is true or false
With respect to state finance, for most states:
A. estate taxes are the major source of revenue and most expenditures are for health services. B. the corporate income tax is the major source of revenue and natural resource development is the major type of expenditure. C. property taxes are the basic source of revenue and education is the major type of expenditure. D. sales and excise taxes are the major source of revenue and education is the major type of expenditure.
Refer to the above table. What is the market quantity demanded at a price of $8?
A. 15 B. 5 C. 35 D. 44
The asset demand for money is
A. greater at low interest rates, because the opportunity cost of holding money is low. B. greater at low interest rates, because the opportunity cost of holding money is high. C. greater at high interest rates as investors can earn more on their investments. D. lower at low interest rates, because the opportunity cost of holding money is high.