An excise tariff imposed on foreign competitors will:
A. increase domestic firms' profits at all levels of demand.
B. increase domestic firms' profits only when demand is high.
C. have no impact on domestic firms' profits when demand for domestic goods is high.
D. increase domestic firms' profits only when demand is low.
Answer: A
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A) sales revenue B) gross earnings C) gross profit D) marginal revenue
The federal budget exhibited a $128.7 billion surplus in 2001 but moved to a deficit of $157.8 billion in 2002
Some argued the deficit was opened up because of the Bush 2001 tax cuts, but others argued that the deficit grew because of the recession suffered in 2001. Evaluate the validity of the second argument.
Which of the following expeditions is associated with Bartholomeu Dias?
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Sometimes economists disagree because their values differ. Which of the following instances best reflects this source of disagreement?
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