Who benefits from a tariff on a good?
A) domestic consumers of the good
B) foreign governments
C) domestic producers of the good
D) foreign producers of the good
C
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What are the major criticisms of the Lorenz curve?
What will be an ideal response?
Which of the following would cause a fall in the market interest rate?
a. an increase in the risk cost of investment b. an increase in the inflation rate c. an increase in the marginal rate of return on investment d. a decrease in the marginal product of capital e. none of the above
Households buy in the resource market and sell in the product market
Indicate whether the statement is true or false
When considering her budget, the highest indifference curve that a consumer can reach is the
a. one that is tangent to the budget constraint. b. indifference curve farthest from the origin c. indifference curve that intersects the budget constraint in at least two places. d. None of the above is correct.