What will happen if there is an increase in an existing tariff on grapes from Argentina?
a. There will be an increase in domestic production of grapes.
b. There will be an increase in total American consumption of grapes.
c. There will be an increase in American consumption of domestically produced grapes.
d. There will be an increase in American imports of grapes from Argentina.
c. There will be an increase in American consumption of domestically produced grapes.
You might also like to view...
If expected profit falls, the demand for loanable funds curve shifts ________, and the real interest rate ________
A) leftward; does not change B) leftward; rises C) leftward; falls D) rightward; falls E) rightward; rises
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90
You decide to go skiing this weekend. It costs $50 for transportation, $50 for lodging, $30 for ski lift tickets. You are unemployed. What is the total cost of the ski weekend?
A. $230 B. $100 C. $80 D. $130
In an oligopolistic market structure, other firms will not notice if one firm experiences increased sales.
Answer the following statement true (T) or false (F)