Every country imposes tariffs on at least some imports

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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If you invest $4,000 in a savings account paying 3 percent interest, how much will your investment be worth in 25 years?

What will be an ideal response?

Economics

When potential GDP increases, the potential GDP line ________, and the aggregate supply curve ________

A) shifts rightward; shifts rightward B) shifts rightward; shifts leftward C) shifts leftward; shifts rightward D) shifts leftward; shifts leftward E) shifts rightward; does not shift

Economics

Fire protection is a

a. club good, because it is excludable but not rival in consumption. b. club good, because it is rival in consumption but not excludable. c. a public good, because it is excludable but not rival in consumption. d. a public good, because it is rival in consumption but not excludable.

Economics

The Federal Deposit Insurance Corporation insures

A. savings accounts against unlawful transfer into checking accounts. B. bank deposits against the failure of an individual bank. C. that the bank will maintain sufficient required reserves. D. bank buildings and property against fire and theft.

Economics