As a result of a tariff on imports,
a. imports will fall, exports will fall, and total output will decline.
b. imports will fall, exports will rise, and total output will decline.
c. imports will rise, exports will fall, and total output will expand.
d. imports will rise, exports will rise, and total output will expand.
A
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Seigniorage is defined as the difference between the exchange value of a money and its cost of production
Indicate whether the statement is true or false
Which of the following correctly completes this statement? The monopolist's marginal revenue
A) will be greater than price. B) will be less than price. C) will be equal to price. D) will be greater than total revenues.
Ceteris paribus, in which of the following cases would we expect economic profits to be greatest? a. an unregulated monopolist who is able to price discriminate
b. an unregulated monopolist who is unable to price discriminate. c. a regulated monopolist required to charge a price no greater than marginal cost. d. a regulated monopolist required to charge a price no greater than average cost.
A World View article, "Glaring Inequalities," says that income inequality tends to diminish as a nation develops. The distribution of income answers the ________ question.
A. WHY B. WHERE C. HOW MUCH D. FOR WHOM