A tariff on a product makes
a. domestic sellers better off and domestic buyers worse off.
b. domestic sellers worse off and domestic buyers worse off.
c. domestic sellers better off and domestic buyers better off.
d. domestic sellers worse off and domestic buyers better off.
a
You might also like to view...
Wealth equals:
A. current income minus spending on current needs. B. investment minus saving. C. assets minus liabilities. D. saving minus investment.
“OPEC is exploiting the United States by selling us oil at inflated prices.” Agree or disagree.
What will be an ideal response?
Which of the following would tend to increase aggregate demand, other things equal?
a. An increase in the money supply curve b. A decrease in the money supply curve. c. An increase in the money demand cuvre. d. Both a. and c. would tend to increase aggregate demand, other things equal.
Using the money demand and money supply model, an increase in money demand would cause the equilibrium interest rate to
A) decrease. B) increase. C) not change. D) increase, then decrease.