Which of the following would NOT be an impact of tariffs imposed on foreign cars?
A. Sales of foreign cars decline
B. Domestic car prices decline
C. American jobs are protected
D. Tax revenue is generated for the government
B. Domestic car prices decline
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An example of price discrimination is the price charged for:
a. troll dolls. b. college admission. c. textbooks. d. diamonds.
Economic theory suggests that college graduates receive higher wages than those with only a high school education because
a. the supply of high school graduates is small relative to the demand for their labor. b. college graduates must be paid higher wages because their educational costs were higher. c. college graduates are more productive. d. college graduates have formed stronger unions.
Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum. We would expect that as the campaign draws closer to election day,
A) candidate A will move to the right (more conservative) and candidate B will move to the left (more liberal). B) both candidates A and B will move to the other's position in an attempt to capture the other's supporters. C) candidate A will move closer to the middle, and candidate B will stay where he or she is because he or she realizes that Americans are basically liberal. D) candidate B will move closer to the middle, and candidate A will stay where he or she is because he or she realizes that Americans are basically conservative. E) both candidates will move toward the middle.
Prostitution and sale of illegal drugs are typically part of the underground economy.
Indicate whether the statement is true or false.