What are the effects of a tariff on a good?
What will be an ideal response?
A tariff taxes the imports of a good, which tends to reduce the quantity of imports and raise price. Due to the higher price, the domestic quantity supplied of the good increases and the domestic quantity demanded decreases. The increase in quantity supplied will be less than the decrease in quantity supplied by imports because of the reduction in quantity demanded. Consumers are worse off while domestic suppliers of this good are better off.
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The local Allied Moving Company begins this year with capital equal to $250,000. During the year the firm depreciates $150,000 worth of its capital and ends the year with capital equal to $250,000
Which statement correctly summarizes Allied Moving Company's investment? A) Allied Moving Company made gross investment of $250,000 during the year. B) Allied Moving Company made no net investment during the year. C) Allied Moving Company made no gross investment during the year. D) Allied Moving Company made no capital investment during the year. E) Allied Moving Company made net investment of $150,000 during the year.
Since 1974, commercial banks importance as a source of funds for nonfinancial borrowers
A) has shrunk dramatically, from around 40 percent of total credit advanced to around 25 percent by 2014. B) has shrunk dramatically, from around 70 percent of total credit advanced to below 50 percent by 2014. C) has expanded dramatically, from around 50 percent of total credit advanced to above 70 percent by 2014. D) has expanded dramatically, from around 30 percent of total credit advanced to above 50 percent by 2014.
An imaginary situation in which people have no knowledge of what their place in society is to be is?
A. first position B. start position C. original position D. pole position
In the above figure, the farmer faces a trade-off between beans and wheat equal to
A) one-to-one. B) three-to-one. C) one-to-two. D) one-to-four.