A tariff on a good _________ its price.
Fill in the blank(s) with the appropriate word(s).
raises
You might also like to view...
The main result of the monetarist model is that
A) the economy is slow to adjust to sticky wages and prices. B) workers and firms have rational expectations. C) the quantity of money should be increased at a constant rate. D) productivity shocks explain fluctuations in real GDP.
If the United States imports televisions and the U.S. government imposes a tariff on televisions, then
a. total surplus in the American television market decreases. b. producer surplus in the American television market increases. c. U.S. imports of foreign televisions decrease. d. All of the above are correct.
Includes spending by all levels of government on final goods and services
What will be an ideal response?
In a monopolistically competitive market there are
A) many firms producing an identical product. B) many firms producing similar but not identical products. C) many firms producing totally different products. D) few firms producing identical products.