The amount of revenue the government collects after imposing the tariff is ________. 
A. $40,000
B. $4,000
C. $1,000
D. $10,000
Answer: A
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All else equal, two firms in a Chamberlin oligopoly will charge a ________ price than two firms in a Cournot oligopoly and earn ________ economic profit.
A) higher; less B) higher; more C) lower; more D) lower; less
Schyler is able to take out a loan for $3,000 for one year at an annual interest rate of 10 percent. After calculating her return to be $200, Schyler will realize she will:
A. lose $100 overall if she takes out the loan. B. make $200 overall if she takes out the loan. C. make $100 overall if she takes out the loan. D. lose $200 overall if she takes out the loan.
Which of the following would be likely to increase the doubling time for an economy's real GDP?
A. government policies improve the health of the population B. the rate of population growth slows C. an increase in the technology used for producing goods and services D. better education increases the productivity of workers
Behavioral economic policy:
A. builds on traditional economic policy. B. replaces traditional economic policy. C. supports pushes as opposed to nudges. D. is based on laissez-faire principles.