What is a tariff?
a. a tax on foreign goods entering the country for sale
b. a tax on domestic products leaving the country for sale
c. a tax on items paid by the consumers who purchase them
d. a tax attempting to recover some of the costs of production
a. a tax on foreign goods entering the country for sale
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As the nominal interest rate increases, the opportunity cost of holding money ________ and the quantity of money demanded ________
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) increases; does not change because people need money
Does inherited wealth make the distribution of income less equal or more equal?
What will be an ideal response?
Which of the following is FALSE about indirect price discrimination
a. The firm is able to identify each customer's willingness to pay b. The firm is able to charge different prices to the different value customers c. The firm is be able to prevent arbitrage d. All of the above
If you were a government official and wanted to raise the price of wheat, which of the following actions would you take?
a. Take wheat from government storage and sell it. b. Encourage farmers to use more fertilizer. c. Lower the price of rye. d. Subsidize purchases of farm equipment. e. Encourage farmers to grow less wheat.