If the United States imposes a tariff on $1 per imported shirt, the tariff will
A) raise the price of a shirt to U.S. consumers.
B) benefit U.S. shirt producers.
C) decrease imports of shirts into the United States.
D) all of the above
D
You might also like to view...
When both players in a game play a dominant strategy, the outcome will be
a. Pareto optimal. b. a Prisoners' Dilemma. c. a Stackelberg equilibrium. d. the game's only Nash equilibrium.
What is the legal status of a cartel among firms in the United States?
What will be an ideal response?
Given the production function Y = A and fixed values for the saving rate and depreciation, if productivity is growing at an average rate of three percent, and the labor input grows at two percent, there is a unique growth rate of capital that is
sustainable. That is, if the growth rate of capital is either higher or lower than this steady-state value, then it must eventually change, even if nothing else in the economy changes. Calculate this steady-state growth rate of capital, and explain why it alone is a sustainable rate. [Hint: Use the fact that the growth rates of output and capital per worker are 43% higher than the growth rate of productivity.]
Recently, banking has become easier with automated teller machines replacing bank tellers. The loss of tellers' jobs is an example of _____
a. cyclical unemployment b. structural unemployment c. frictional unemployment d. underemployment e. voluntary unemployment