Assume that a tariff is imposed on an imported product. The difference between the domestic price and the world price is captured by:
A. The government
B. Domestic consumers
C. Domestic producers
D. Foreign exporters
A. The government
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The collapse of Enron Corporation is a reminder of the importance of ________
A) moral hazard B) government-directed credit C) energy trading D) transparency
Consider the same ultimatum game as in the previous question but consider some new preferences reflecting a desire for fairness. In particular, now assume players get 1 util per dollar earned but lose 1/4 util for the absolute difference between their monetary payoffs. Which of the following is an offer that arises in a subgame-perfect equilibrium with these new preferences?
a. 1. b. 2. c. 4. d. 5.
The demand for labor is likely to increase when
a. the supply of the good it produces falls b. the demand for the good it produces rises c. the supply of the good it produces rises d. the demand for the good it produces falls e. the real wage rate rises
The principal determinants of total and average cost curves are the firm's technology and the prices of its inputs
a. True b. False Indicate whether the statement is true or false