Current U.S. trade law allows for U.S. barriers against both fairly and unfairly traded foreign goods
Indicate whether the statement is true or false
TRUE
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Explain the difference between consumption and capital goods
What will be an ideal response?
A tax imposed on a good can:
A. discourage consumption of the good. B. encourage production of the good. C. increase the supply of complementary goods. D. prevent the market from reaching an efficient equilibrium.
Local governments rely most heavily on
a. personal income taxes b. corporate income taxes c. estate taxes d. property taxes e. excise taxes
If the government were to intervene and set the rent for apartments in New York City below the market rent, then we would expect, relative to the market outcome,
a. an increase in the number of people wanting to live in apartments in New York City. b. a decrease in the number of people wanting to live in apartments in New York City. c. an increase in the number of apartments available for rent in New York City. d. None of the above is correct.