An tax that is applied to imported products which are not produced domestically is a(n):

free trade policy
tariff
Import quota
Nontariff barrier


tariff

Economics

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If the cross elasticity of demand between peanut butter and milk is -1.11, then are peanut butter and milk substitutes or complements?

What will be an ideal response?

Economics

The upward and downward movement of aggregate output produced in the economy is referred to as the

A) roller coaster. B) see saw. C) business cycle. D) shock wave.

Economics

Productivity growth tends to affect all industries to the same degree.

Answer the following statement true (T) or false (F)

Economics

Label the short-run supply curve.

Economics