If a small country imposes a tariff on imported motorcycles, the world price of motorcycles will ________ and the domestic price of motorcycles will
A. remain constant; fall.
B. fall; rise.
C. rise; fall.
D. remain constant; rise.
Answer: D
You might also like to view...
If there were no real wealth or interest rate effect, the aggregate demand curve would still be downward sloping
a. True b. False Indicate whether the statement is true or false
Why would a firm price discriminate? Because price discrimination allows the firm to
a. increase consumer surplus b. create brand multiplication c. select the best consumers who are willing to pay the highest price d. convert consumer surplus into economic profit e. shift its demand curve to the right
A clear property right to ownership of air would reduce the problem of air pollution
Indicate whether the statement is true or false
Which of the following is considered a consumer nondurable?
A. An automobile B. Medical care C. Furniture D. Gasoline and oil