Who does not gain when a tariff is imposed?
A. Domestic producers of the good.
B. Domestic workers in the protected industry.
C. Domestic consumers of the good.
D. Domestic suppliers in the protected industry.
C. Domestic consumers of the good.
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How can lack of investment in social capital affect private firms' profits?
What will be an ideal response?
The Malthusian theory said that population tended to grow in a _____ progression, while the food supply grew in an _____ progression.
Fill in the blank(s) with the appropriate word(s).
As the marginal propensity to consume (MPC) decreases, the spending multiplier:
A. increases. B. decreases. C. remains constant. D. becomes undefinable.
Assuming that investment, government expenditures, and net exports are all autonomous, the marginal propensity to consume for the economy represented in Figure 9.9 is
A. 0.25. B. 1.0 since aggregate expenditure is a straight line. C. 0.5. D. Indeterminate since there is no consumption function.