The primary benefits derived from tariffs usually accrue to the:
A. domestic consumers of goods protected by the tariffs.
B. foreign producers of goods protected by the tariffs.
C. domestic producers of export goods.
D. domestic suppliers of goods protected by the tariffs.
Answer: D
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Which of the following is true when collective decision making is utilized to resolve economic questions regarding the allocation of resources?
What will be an ideal response?
To derive the demand curve from the indifference map
A) vary the price of one good while holding the price of the other good and income constant. B) vary the prices of both goods while holding income constant. C) vary the price of one good and income while holding the price of the other good constant. D) vary income while holding the prices constant.
Positive externalities and high transaction costs make voluntary social cooperation difficult because they
A) are also obstacles to the effective working of democratically controlled governments. B) can be eliminated by government. C) can best be reduced by abandoning persuasion and voluntary cooperation. D) make government intervention necessary. E) make it easier for cartels to operate effectively.