The figure above shows that the U.S. net ________ surplus from the tariff is ________
A) loss of; $30 million per year
B) gain in; $20 million per year
C) loss of; $10 million per year
D) gain in; $55 million per year
E) gain in; zero
A
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If the technology associated with producing fiber-optic cable continues to advance, over time the cost of producing fiber-optic cable will
A) decrease, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market. B) decrease, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry. C) increase, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market. D) increase, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry. E) decrease, firms that do not use the new technology will make an economic profit, and in the long run new firms will enter the market.
What is the primary prediction of the median voter model? List the two key assumptions of the median voter model regarding the preferences of voters
What will be an ideal response?
The parity price ratio is the ratio of the prices farmers receive from selling their goods to the prices farmers pay when they buy consumer goods, such as shoes
Indicate whether the statement is true or false
If borrowers and lenders expect a higher rate of inflation,
a. nominal interest rates should decrease. b. nominal interest rates should remain constant. c. nominal interest rates should increase. d. real interest rates should increase.