Tariffs reallocate income from
A) consumers to producers.
B) producers to consumers.
C) government to producers.
D) consumers to foreigners.
A
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The figure above shows the market for tires. According to the figure, the government collects ________ per month in total tax revenue
A) $600 million B) $1,200 million C) $2,000 million D) $900 million E) None of the above answers is correct.
The investment spending function shows the relationship between investment spending levels and gross national product
a. True b. False Indicate whether the statement is true or false
In general, a policy that limits entry into a market
A. increases price, decreases quantity, and causes inefficiency in the market. B. increases the demand for the product which decreases the supply C. decreases price, increases quantity, and causes inefficiency in the market D. will stabilize a market so the there are fewer disruptions:
At points on the short-run aggregate supply curve, but to the right of the long-run aggregate supply curve, resources are:
A. underutilized, making it more likely that the short-run aggregate supply curve will shift down (to the right). B. overutilized, making it more likely that the short-run aggregate supply curve will shift down (to the right). C. overutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left). D. underutilized, making it more likely that the short-run aggregate supply curve will shift up (to the left).