Relative to an environment with free trade and no tariff, the winners from the tariff are the domestic ________, and the losers from the tariff are the domestic ________.
A. producers of sugar; consumers of sugar and the government
B. consumers of sugar; producers of sugar
C. producers of sugar and the government; consumers of sugar
D. consumers of sugar and the government; producers of sugar
Answer: C
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If interest rates in the United States fall,
A) the value of the dollar will fall as foreign investors increase their holdings of U.S. investments. B) the value of the dollar will fall as foreign investors decrease their holdings of U.S. investments. C) the value of the dollar will rise as foreign investors decrease their holdings of U.S. investments. D) the value of the dollar will rise as foreign investors increase their holdings of U.S. investments.
Airline deregulation led to the demise of many smaller airlines but large carriers were not materially affected
a. True b. False Indicate whether the statement is true or false
A firm produced 376 units with 10 workers. When the eleventh worker was hired, the output increased to 398 units. The marginal product of the eleventh worker is:
A) 22 units. B) 37.6 units. C) 36.18 units. D) 398 units.
A price floor (support price) set above equilibrium:
a. is a minimum legal price set by government above equilibrium. b. causes the quantity supplied to exceed the quantity demanded. c. creates a surplus. d. can represent the effect of a minimum wage. e. all of these.