Which of the following groups does not benefit from tariffs?
A. The government of the importing country
B. Workers in domestic firms producing the product
C. Consumers of the product
D. Domestic producers of the product
Answer: C
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Refer to Figure 18.7 below. The intercept point N is actually found by I 1 + I 0 (1 + r). The intercept point M is calculated by I 0 + I 1 /(1 + r). Show that the slope of the budget constraint is indeed 1-r| .
In a sharp regression discontinuity design,
A) crossing the threshold influences receipt of the treatment but is not the sole determinant. B) the population regression line must be linear above and below the threshold. C) Xi will in general be correlated with ui. D) receipt of treatment is entirely determined by whether W exceeds the threshold.
In a monopolistically competitive scenario, the demand curve for an existing firm ____ when firms exit the industry
a. becomes more inelastic b. becomes vertical c. becomes horizontal d. becomes more elastic
If the government levies a $0.25 tax per MP3 music file downloaded on buyers of MP3 music files, then the price received by sellers of MP3 music files would
a. decrease by more than $0.25. b. decrease by exactly $0.25. c. decrease by less than $0.25. d. increase by an indeterminate amount.