A tariff has the effect of:
a. raising the price of the exported product.
b. increasing the demand for the exported product.
c. increasing the demand for the imported product.
d. increasing the supply of the imported product.
e. raising the price of the imported product.
e
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Which of the following is a common resource?
a. a tornado siren b. fish raised on a farm c. timber in a public forest d. a traffic light
The money supply in Econland is 1,000, and currency held by the public equals bank reserves. The desired reserve-deposit ratio is 0.25. Bank reserves equal ________.
A. 800 B. 500 C. 200 D. 250
M2 includes M1 plus
A) currency in circulation, checking account deposits in banks, and holdings of traveler's checks. B) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares. C) checking account deposits, large-denomination time deposits, and noninstitutional money market fund shares. D) currency in circulation, savings account balances, and small-denomination time deposits.
Which of the following taxes would impose the smallest excess burden on an individual?
A. a tax on all diet beverages B. a tax on Diet Pepsi C. a tax on all soft drinks D. a tax on all types of beverages, including water