Ultimately, tariffs ________ prices for imported goods and ________ prices for domestic goods
A) raise; raise
B) raise; lower
C) raise; do not affect
D) do not affect; do not affect
A
You might also like to view...
Reducing risk through the purchase of assets whose returns do not always move together is
A) diversification. B) intermediation. C) intervention. D) discounting.
A demand curve for flowers would show the
a. number of flowers the floral shop is willing to sell at various prices. b. number of people who need flowers. c. quantity of people who want to buy these flowers. d. number of flowers that will be purchased at various prices.
In the long run, firms in many industries often experience falling average total costs as a result of
a. gains through trade. b. increasing marginal returns. c. economies of scale. d. lower fixed costs.
Which one of the following statements is false?
a. Technological progress will lower the price of transferable pollution permits b. Under a pollution tax, technological progress will reduce overall pollution levels c. Under a system of transferable permits, technological progress will reduce overall pollution levels d. A pollution tax creates an incentive for technological progress e. Under a system of transferable permits, technological progress can result in some firms increasing their pollution levels