Refer to the figure above. Domestic producers gain ________ because of the tariff
A) $5
B) $62,500
C) $15
D) $125,000
B
You might also like to view...
Which of the following statements is true?
A) If the supply of labor exceeds the demand for labor, wage rates tend to rise. B) There is no voluntary unemployment at the equilibrium wage rate. C) If the demand for labor exceeds the supply of labor, wage rates tend to fall. D) Lack of information relating to the job market can lead to unemployment.
After the Civil War, per capita income in the South was relatively low compared with other regions of the United States. Which of the following statements best describes how long it took the South to (almost but not quite. catch up with the rest of the country)
a. About one year. b. About five to ten years. c. About twenty five years. d. Several generations.
Suppose the economy has an inverted yield curve. According to the expectations hypothesis, which of the following interpretations could be used to explain this?
A. The term spread is positive. B. Investors prefer bonds with less interest-rate risk. C. Investors prefer bonds with less default risk. D. Interest rates are expected to fall in the future
An individual investor can reduce the risk of investing by selecting a bundle of different types of financial assets.
Answer the following statement true (T) or false (F)