The increase in the price of sugar created by the tariff will lead domestic production to increase by ________ tons per year, compared to when the economy is open without the tariff. 
A. 20
B. 10
C. 40
D. 30
Answer: A
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Which of the following statements about education and wage rates is true?
A. People who are high school graduates with no college education have seen substantial increases in inflation-adjusted earnings in the last 30 years. B. People with four-year college degrees tend to earn considerably more than those with advanced degrees. C. While people with high school degrees have had almost no increase in real wages in 30 years, those with advanced degrees have had significant increases in pay. D. Inflation-adjusted earnings for people with four-year college degrees have fallen over the last 30 years.
Society will produce ________ if price and marginal cost are equated for all firms.
A. the efficient mix of output B. the minimum output C. the maximum output D. no output
When discussing pass through effects, it is fair to say
A) that the degree of pass through varies across nations, time and industries. B) that the degree of pass through varies across nations. C) that the degree of pass through varies across time and industries. D) that the degree of pass through varies across industries.